reglab/housing_qa huggingface dataset:
AZ Rev Stat § 44-1963 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1963 - Entry of order of denial, revocation or suspension

44-1963.  Entry of order of denial,  revocation or suspension A. If,  after A hearing or notice and opportunity for A hearing as provided by article 11 of this chapter,  the commission finds grounds to deny,  revoke or suspend the registration of a dealer or salesman,  the director shall enter an order in the register of dealers and salesmen denying,  revoking or suspending the registration of the dealer or salesman. The order shall state specifically the grounds for its issuance. B. A copy of the order shall be sent by certified mail to the dealer or salesman whose registration is denied,  revoked or suspended and,  if the denial,  revocation or suspension of the registration is of a salesman,  to the registered dealer who employs the salesman. C. Denial,  suspension or revocation of the registration of a dealer shall also suspend or revoke the registration of all of the dealer's salesmen,  but suspension or revocation of the registration of a salesman solely because the salesman was employed by a dealer whose registration was denied,  suspended or revoked shall not prejudice subsequent applications for registration by the salesman. D. A dealer or salesman that has voluntarily terminated or allowed the dealer's or salesman's registration to lapse continues to be subject to actions by the commission under this article in connection with conduct that began before the termination or lapse of the registration. The commission shall begin any action under this article against the dealer or salesman within two years after the termination or lapse of the registration.
AZ Rev Stat § 44-1964 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1964 - Temporary suspension orders

44-1964.  Temporary suspension orders A. If the commission has reasonable grounds to believe that a registered dealer or salesman has been guilty of any act or omission which would be sufficient ground for denying or revoking the registration of the dealer or salesman,  it may enter an order temporarily suspending the registration of the dealer or salesman pending an examination into his affairs,  or pending a hearing or notice and opportunity for hearing as provided by article 11 of this chapter,  but no temporary suspension order shall be effective for more than thirty days except with consent of the registrant. The suspension order shall state specifically the grounds for its issuance. B. On entry of the temporary suspension order,  or of an order withdrawing a temporary suspension order previously entered,  the director shall send a copy of the order,  by certified mail,  to the dealer or salesman whose registration is affected at the dealer's or salesman's business address,  and,  if the order affects the registration of a salesman,  to the registered dealer who employs the salesman.
AZ Rev Stat § 44-1971 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1971 - Initiation of hearing; purpose of hearing

44-1971.  Initiation of hearing;  purpose of hearing Hearings may be ordered by the commission on the commission's own initiative or at the written request of any interested person: 1. For the purpose of administering or obtaining information necessary in the enforcement of this chapter or the rules,  regulations or orders of the commission thereunder. 2. To enable the commission to take appropriate action in connection with any pending application for registration of any securities,  dealer or salesman. 3. To modify the terms and conditions of any registration. 4. To determine whether the registration of any securities or of any dealer or salesman should be denied,  suspended or revoked.
AZ Rev Stat § 44-1972 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1972 - Notice of and opportunity for hearing; time of hearing

44-1972.  Notice of and opportunity for hearing;  time of hearing A. Before entering an order denying or revoking the registration of any securities as provided in section 44-1901 or article 8 of this chapter the commission shall send to the issuer of the securities,  and,  if the application for registration of the securities was filed by a registered dealer,  to the dealer,  a notice of hearing or notice of opportunity for hearing. B. Before entering an order denying,  revoking or suspending except temporarily the registration of a dealer or salesman as provided in article 10 of this chapter,  the commission shall send to the dealer or salesman,  and,  if a salesman,  to the registered dealer who employs or intends to employ the salesman,  a notice of hearing or notice of opportunity for a hearing. C. Before entering an order to cease and desist or an order for rescission,  restitution or penalties,  the commission shall serve on each respondent a notice of a hearing or a notice of an opportunity for a hearing. The commission by rule may provide for temporary cease and desist orders where the public welfare requires immediate action. D. Notices of hearing or notices of opportunity for a hearing shall be served as prescribed by rules adopted by the commission for service of subpoenas and cease and desist orders. The notice shall contain a statement of the matters to be considered and,  if a notice of opportunity for a hearing,  shall set forth that the person to whom the notice is sent will be afforded a hearing upon request to the commission if the request is made in writing within ten days after receipt of the notice. E. When a person requests a hearing in accordance with this article,  the commission shall set a date,  time and place for the hearing and shall promptly notify the person requesting the hearing. The date set for the hearing shall be within sixty days,  but not earlier than twenty days,  after the request for a hearing has been made,  unless otherwise agreed to by both the commission and the person requesting the hearing. If the hearing is initiated by the commission,  the notice of hearing shall specify the date,  time and place of the hearing.
AZ Rev Stat § 44-1973 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1973 - Conduct of hearing

44-1973.  Conduct of hearing A. Any hearing under this article may be held before the commission,  a member thereof,  the director,  or other authorized officer of the commission as the commission directs. B. Conduct of the hearing shall be governed by this section,  and by the rules of practice and procedure which may be adopted by the commission. Neither the commission nor any member thereof,  nor the director,  nor other authorized officer of the commission,  shall be bound by the technical rules of evidence in the conduct of hearings under this article,  and no informality in any proceeding,  as in the manner of taking testimony,  shall invalidate any order,  decision,  rule or regulation made,  approved or confirmed by the commission. C. A stenographic record of all proceedings and testimony shall be made of each hearing by a shorthand reporter appointed by the commission,  and the record shall be reduced to writing and filed with the commission.
AZ Rev Stat § 44-1974 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1974 - Rehearings

44-1974.  Rehearings The commission may institute or grant rehearings on application made within twenty calendar days after entry of an order or decision. Unless otherwise ordered,  filing an application for rehearing does not stay the commission's decision or order. If the commission does not grant a rehearing within twenty calendar days,  the application is considered to be denied. Rehearings are subject to the provisions of this article.
AZ Rev Stat § 44-1981 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1981 - Judicial review

44-1981.  Judicial review Decisions of the commission pursuant to this chapter shall be subject to judicial review in the Maricopa county superior court pursuant to title 12,  chapter 7,  article 6.
AZ Rev Stat § 44-1991 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1991 - Fraud in purchase or sale of securities

44-1991.  Fraud in purchase or sale of securities A. It is a fraudulent practice and unlawful for a person,  in connection with a transaction or transactions within or from this state involving an offer to sell or buy securities,  or a sale or purchase of securities,  including securities exempted under section 44-1843 or 44-1843.01 and including transactions exempted under section 44-1844,  44-1845 or 44-1850,  directly or indirectly to do any of the following: 1. Employ any device,  scheme or artifice to defraud. 2. Make any untrue statement of material fact,  or omit to state any material fact necessary in order to make the statements made,  in the light of the circumstances under which they were made,  not misleading. 3. Engage in any transaction,  practice or course of business which operates or would operate as a fraud or deceit. B. In a private action brought pursuant to subsection A,  paragraph 2 of this section or section 44-1992,  if the person who offered or sold the security proves that any portion or all of the amount recoverable under subsection A,  paragraph 2 of this section or section 44-1992 represents an amount other than the depreciation in value of the subject security resulting from the part of the prospectus or oral communication,  with respect to which the liability of the person is asserted,  not being true or omitting to state a material fact required to be stated or necessary to make the statement not misleading,  then the amount shall not be recoverable. This subsection does not apply to any actions based on allegations of activities constituting dishonest or unethical practices in the securities industry.
AZ Rev Stat § 44-1992 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1992 - Filing of misleading information with commission

44-1992.  Filing of misleading information with commission It is a fraudulent practice and unlawful: 1. For a person to subscribe to or make or cause to be made an untrue statement of a material fact in an application,  registration statement,  prospectus,  financial statement or document required to be filed under any provision of this chapter or any rule,  regulation or order of the commission thereunder. 2. To omit or cause to be omitted from any such application,  registration statement,  prospectus,  financial statement,  or other statement or document,  a material fact or statement necessary in order to make the statements made therein,  in the light of the circumstances under which they were made,  not misleading.
AZ Rev Stat § 44-1993 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1993 - Misrepresentation of effect of registration of securities

44-1993.  Misrepresentation of effect of registration of securities Neither the fact that securities are registered by description under article 6 of this chapter or by qualification under article 7 of this chapter,  nor the fact that registration of the securities has not been denied,  suspended or revoked shall be deemed a finding by the commission or by the director that the registration statement,  application for registration,  prospectus,  or any financial statement,  or other document or exhibit filed therewith is true or accurate,  or does not contain untrue statements of material facts,  or omit material facts,  or to mean that the commission or the director has passed upon the merits of or otherwise approved the securities so registered. It is a fraudulent practice and unlawful for a person to make or cause to be made to a prospective purchaser of the securities a statement or other representation contrary to this section.
AZ Rev Stat § 44-1994 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1994 - Misrepresentation of effect of registration of dealers or salesmen

44-1994.  Misrepresentation of effect of registration of dealers or salesmen Neither the fact that a dealer or salesman is registered under article 9 of this chapter,  nor the fact that the registration of the dealer or salesman has not been denied,  suspended or revoked shall be deemed a finding by the commission or by the director that the dealer or salesman is of good business reputation,  or is not lacking in integrity,  or is not insolvent,  or that the application for registration of the dealer or salesman,  or any financial statement,  document or exhibit filed therewith is true or accurate,  or does not contain untrue statements of material facts or omit material facts. It is a fraudulent practice and unlawful for a dealer or salesman in connection with any transaction involving the purchase or sale of securities to make a statement or other representation contrary to this section.
AZ Rev Stat § 44-1995 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1995 - Violation; classification

44-1995.  Violation;  classification A person violating a provision of this article is guilty of a class 4 felony.
AZ Rev Stat § 44-1996 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1996 - Prohibition of referral fees

44-1996.  Prohibition of referral fees A dealer,  salesman,  agent or person associated with a dealer,  salesman or agent shall not directly or indirectly solicit or accept remuneration for assisting an attorney in obtaining the representation of any person in any private action arising under this chapter,  the securities act of 1933 (15 United States Code sections 77a through 77bbbb) or the securities exchange act of 1934 (15 United States Code sections 78a through 78ll).
AZ Rev Stat § 44-1998 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1998 - Offers and sales; liability

44-1998.  Offers and sales;  liability A. In any case relating to securities offered or sold within or from this state,  any person who offers or sells a security by means of a prospectus or oral communication that includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements,  in light of the circumstances under which they were made,  not misleading is liable to the purchaser of the security from that person,  as long as the purchaser did not know of the untruth or omission,  as provided by this section. The purchaser may bring an action in any court or administrative forum of competent jurisdiction to recover the consideration paid for the security with interest,  minus the amount of any income received from the security,  on the tender of the security,  or for damages if the purchaser no longer owns the security. The person has the burden of proof that the person did not know and in the exercise of reasonable care could not have known of the untruth or omission. If the person meets the burden of proof,  the person is not liable. This subsection applies notwithstanding any exemption under section 77c of the securities act of 1933 (15 United States Code sections 77a through 77bbbb),  except for an exemption under subsection A,  paragraph 2 of that section,  and notwithstanding any exemption under article 4 or 7 of this chapter,  except for section 44-1843,  subsection A,  paragraph 1. B. In an action under subsection A of this section,  if the person who offered or sold the security proves that any portion or all of the amount recoverable under subsection A of this section represents an amount other than the depreciation in value of the subject security resulting from the asserted untruth or omission the portion or amount is not recoverable.
AZ Rev Stat § 44-1999 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1999 - Controlling persons; liability

44-1999.  Controlling persons;  liability A. Every person who,  by or through stock ownership,  agency or otherwise or who pursuant to or in connection with an agreement or understanding with one or more other persons by or through stock ownership,  agency or otherwise controls any person liable under this article,  other than section 44-1991 or 44-1992,  is liable jointly and severally with and to the same extent as the controlled person to any person to whom the controlled person is liable,  unless the controlling person had no knowledge of or reasonable grounds to believe in the existence of the facts by reason of which the liability of the controlled person is alleged to exist. B. Every person who,  directly or indirectly,  controls any person liable for a violation of section 44-1991 or 44-1992 is liable jointly and severally with and to the same extent as the controlled person to any person to whom the controlled person is liable unless the controlling person acted in good faith and did not directly or indirectly induce the act underlying the action.
AZ Rev Stat § 44-2000 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2000 - Contrary stipulations void

44-2000.  Contrary stipulations void Any condition,  stipulation or provision binding any person acquiring any security to waive compliance with this chapter or chapter 13 of this title or of the rules of the commission is void.
AZ Rev Stat § 44-2001 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2001 - Voidable sale or contract for sale of securities; remedy

44-2001.  Voidable sale or contract for sale of securities;  remedy A. A sale or contract for sale of any securities to any purchaser in violation of section 44-1841 or 44-1842 or article 13 of this chapter is voidable at the election of the purchaser,  and the purchaser may bring an action in a court of competent jurisdiction to recover the consideration paid for the securities,  with interest,  taxable court costs and reasonable attorney fees,  less the amount of any income received by dividend or otherwise from ownership of the securities,  on tender of the securities purchased or the contract made,  or for damages if the purchaser no longer owns the securities. B. A person against whom an action for a violation of section 44-1991 is brought is not liable under subsection A of this section if the person sustains the burden of proof that the person did not know and in the exercise of reasonable care could not have known of the untrue statement or misleading omission.
AZ Rev Stat § 44-2002 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2002 - Remedy for voidable purchases

44-2002.  Remedy for voidable purchases A. A purchase or contract for purchase from a seller of securities made in violation of section 44-1842,  44-1991 or 44-1994 is voidable at the election of the seller of the securities,  and the seller may bring an action in a court of competent jurisdiction to recover the amount of the seller's damages,  with interest,  taxable court costs and reasonable attorney fees. B. A person against whom an action for a violation of section 44-1991 is brought is not liable under subsection A of this section if the person sustains the burden of proof that the person did not know and in the exercise of reasonable care could not have known of the untrue statement or misleading omission.
AZ Rev Stat § 44-2004 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2004 - Limitation of civil actions

44-2004.  Limitation of civil actions A. No civil action shall be maintained under this article to enforce any liability based on a violation of section 44-1841 or 44-1842 unless brought within one year after the violation occurs. B. Except as provided in subsection C of this section,  no civil action shall be brought under this article to enforce any liability based on a violation of article 13 of this chapter unless brought within two years after discovery of the fraudulent practice on which the liability is based,  or after the discovery should have been made by the exercise of reasonable diligence.  C. No civil action shall be brought under this article to enforce any liability based on a violation of section 44-1997 or 44-1998 unless brought within two years after the discovery of the untrue statement or the omission. No action shall be brought to enforce a liability created under section 44-1997 more than five years after a bona fide offer of the security to the public or under section 44-1998 more than five years after the sale of the security.
AZ Rev Stat § 44-2005 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2005 - Remedy not exclusive

44-2005.  Remedy not exclusive Nothing in this article shall limit any statutory or common law right of any person in any court for any act involved in the sale of securities.
AZ Rev Stat § 44-2011 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2011 - Petition for appointment of conservator or receiver

44-2011.  Petition for appointment of conservator or receiver If an act,  practice or transaction constituting a violation of section 44-1841 or 44-1842 or article 13 of this chapter is alleged in a complaint filed by this state or any agency of this state,  the commission may petition the superior court in Maricopa county for the appointment of a conservator to reorganize the affairs of,  or a receiver to wind up the affairs of,  the violator. The commission may also transmit any evidence it has available concerning the act,  practice or transaction to the attorney general. On receipt of the evidence,  the attorney general may petition the superior court in Maricopa County for the appointment of a conservator to reorganize the affairs of,  or a receiver to wind up the affairs of,  the violator. Process in actions filed pursuant to this section may be served on the defendant in any county in this state in which the defendant transacts business or is found.
AZ Rev Stat § 44-2012 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2012 - Complaint; contents

44-2012.  Complaint;  contents A complaint filed in the superior court of Maricopa county for the appointment of a conservator to reorganize,  or a receiver to wind up,  the affairs of a violator of this chapter shall set out the alleged violations with particularity and shall be verified by the director or assistant director of securities.
AZ Rev Stat § 44-2013 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2013 - Preliminary injunction; appointment of temporary conservator or receiver

44-2013.  Preliminary injunction;  appointment of temporary conservator or receiver A. The superior court may,  after the complaint is filed,  issue a preliminary injunction restraining the defendant named in the complaint from removing,  encumbering or otherwise disposing of his property located within this state,  and the court may in its discretion appoint a temporary conservator or receiver to take possession of the books,  records and assets of every description of the defendant,  pending further order of the court. B. The court shall set a time,  not more than ten days from the date of the preliminary injunction,  for a hearing on the complaint and any response filed thereto,  or response to the preliminary injunction.
AZ Rev Stat § 44-2014 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-2014 - Permanent injunction; permanent conservator or receiver

44-2014.  Permanent injunction;  permanent conservator or receiver A. The complaint,  together with the order of the court setting the time of hearing,  shall be served upon the defendant together with the notice of the time of hearing. B. The court,  upon the hearing and after hearing the evidence,  may dismiss the complaint or make the preliminary injunction permanent,  restraining the defendant from removing,  encumbering or otherwise disposing of his property,  and may make permanent the order of the temporary appointment of a conservator or receiver.