The Arizona Revised Statutes have been updated to include the revised sections from the 53rd Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 54th Legislature, 1st Regular Session, which convenes in January 2019.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
44-1924 - Order suspending registration; grounds; hearing; notice
44-1924. Order suspending registration; grounds; hearing; notice
A. Except for securities registered by qualification pursuant to section 44-1901, if the commission has reasonable grounds to believe that the registration of any securities under this chapter should be revoked on any ground specified in section 44-1921 or 44-1922 it may enter an order suspending the registration of such securities pending an examination into the affairs of the issuer or pending a hearing or opportunity for hearing as provided by article 11 of this chapter. No suspension of registration shall be effective for more than thirty days, except with the consent of the registrant. The suspension order shall specify the grounds upon which it is issued.
B. Upon entry of an order suspending the registration of any securities, or an order withdrawing a suspension order previously issued, the director shall send notice of the order to the issuer of the securities and to all registered dealers engaged in the sale thereof.