The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
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.
A. With respect to an obligation on or a defense to a security, an "issuer" includes a person that:
1. Places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation or other interest in its property or in an enterprise or to evidence its duty to perform an obligation represented by the certificate;
2. Creates a share, participation or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;
3. Directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
4. Becomes responsible for, or in place of, another person described as an issuer in this section.
B. With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
C. With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.