reglab/housing_qa huggingface dataset:
AZ Rev Stat § 44-1845 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1845 - Exemption or special registration of certain securities and transactions by commission rule

44-1845.  Exemption or special registration of certain securities and transactions by commission rule A. The commission may by its rules,  and subject to the terms and conditions prescribed in those rules,  add any class of securities or transactions to the securities or transactions exempted as provided by sections 44-1843,  44-1843.01 and 44-1844,  if it finds that registration of such securities under this chapter is not necessary in the public interest and for the protection of investors by reason of the special characteristics of the securities or transactions,  the small amount involved or the limited character of the offering. B. The commission by its rules,  and subject to the terms and conditions prescribed in those rules,  may,  if it finds that registration is not necessary for the public interest and for the protection of investors,  exempt or provide special registration for the following transactions: 1. Any transactions,  including resales,  involving securities offered and sold in reliance on rule 504 of regulation D (17 Code of Federal Regulations section 230.504) or any other exemption under section 3(b) or section 3(a)(11) of the securities act of 1933 or involving a small business issuer under the securities act of 1933 to accredited investors or to other investors meeting lesser net worth or suitability requirements established by the commission. 2. Any solicitations of interest in securities that may be offered and sold pursuant to this chapter. C. Special registrations pursuant to this section may be exempt from any or all of the provisions of sections 44-1876,  44-1877,  44-1878 and 44-1921,  or any rule adopted pursuant to those sections.
AZ Rev Stat § 44-1846 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1846 - Powers of commission to exempt certain securities or transactions

44-1846.  Powers of commission to exempt certain securities or transactions A. The commission may grant,  in accordance with rules adopted by the commission,  exemptions from registration of securities under articles 6 and 7 of this chapter on written petition and on a showing by the issuer satisfactory to the commission that registration is not essential to the public interest or for the protection of investors by reason of the special characteristics of the securities or transactions or the limited character and duration of the offering or the special characteristics or limited number of the offerees or investors. B. The rules adopted by the commission pursuant to subsection A of this section shall require,  but not be limited to: 1. A disclosure document as prescribed by the commission. 2. A financial statement. 3. Minimum standards for investor suitability. 4. A final confidential report of the offering to be made within thirty days of the conclusion of the offering. C. Exemptions granted under this section shall each relate to a specific issuer and issue and shall not add any class of securities or transactions to those exempt under sections 44-1843,  44-1843.01 and 44-1844,  shall be revocable at the discretion of the commission and shall not relieve the issuer from the application of any of the provisions of this chapter except sections 44-1841 and 44-1842. D. A petition filed under this section shall be accompanied by a fee as provided in section 44-1861.
AZ Rev Stat § 44-1847 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1847 - Power of commission to exempt certain securities or transactions of regulated issuers

44-1847.  Power of commission to exempt certain securities or transactions of regulated issuers The commission may from time to time,  by rules and regulations and subject to terms and conditions prescribed therein,  add any class of securities or transactions to the securities or transactions exempted as provided in sections 44-1843,  44-1843.01 and 44-1844,  if it appears to the commission that registration of such securities under this chapter is not essential to public interest or for the protection of investors by reason of authority conferred by law upon an agency of the state empowering such agency to regulate or supervise the issuance of securities of,  or the business conducted or to be conducted by,  any issuer of securities or any class or classes of issuers of securities.
AZ Rev Stat § 44-1848 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1848 - Registration of dealers and salesmen dealing with certain exempt securities or engaging in certain exempt transactions; exemptions

44-1848.  Registration of dealers and salesmen dealing with certain exempt securities or engaging in certain exempt transactions;  exemptions A. A dealer or salesman who engages in transactions involving variable contracts,  which are exempt under section 44-1843,  subsection A,  paragraph 4,  must register with the commission pursuant to article 9 of this chapter. B. Notwithstanding any other law,  the commission may by rule require that any dealer or salesman who engages in transactions involving securities exempt under section 44-1843,  subsection A,  paragraph 1,  7 or 9,  who engages in transactions involving securities issued by a nonprofit organization which is engaged in,  intends to engage in,  controls,  finances,  or lends funds or property to other entities engaged in the construction,  operation,  maintenance or management of a hospital,  sanitarium,  rest home,  clinic,  medical hotel,  mortuary,  cemetery,  mausoleum or other similar facilities or who engages in transactions described in section 44-1844,  subsection A,  paragraph 1,  4,  11 or 18 or section 44-1845 shall be registered under article 9 of this chapter. C. Any rule adopted pursuant to this section shall require registration of a dealer or salesman engaged in transactions described in section 44-1844,  subsection A,  paragraph 1 only if such dealer or salesman is engaged principally and primarily in the business of making a series of private offerings. For the purposes of this subsection,  " series"  means in excess of four private offerings in any consecutive twelve-month period. D. Subsection B of this section does not apply to transactions involving the following securities: 1. Securities issued by those financial institutions and enterprises licensed and regulated pursuant to title 6. 2. Stock and stock options issued pursuant to an employee stock option plan. 3. Promissory notes issued in the normal course of business. 4. Securities issued to corporations not formed for the purpose of evasion of this section. 5. Securities issued in exchange for all or substantially all of the capital stock of another corporation. 6. Such other securities transactions as the commission may exempt by rule.
AZ Rev Stat § 44-1849 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1849 - Real property investment contracts; recording

44-1849.  Real property investment contracts;  recording Before the disbursement of funds to any person,  a dealer or issuer of a real property investment contract shall cause to be recorded with the recorder of the county in which the real property is located those documents necessary to secure the contract or note being made or sold.
AZ Rev Stat § 44-1862 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1862 - Consent to service of process; service on commission

44-1862.  Consent to service of process;  service on commission A. If consent to service of process is required under this chapter,  such consent shall be in the form prescribed by the commission,  shall be irrevocable and shall provide that actions arising out of or involving the sale or purchase of any securities in violation of this chapter may be commenced in any court of competent jurisdiction and proper venue within this state against the person executing the consent by the service of process or pleadings on the commission. The consent to service of process shall appoint the commission. B. Service of the process or pleading in such action against a person who has filed a consent to service with the commission shall be made by service of duplicate copies,  one of which shall be filed in the office of the director and the other immediately forwarded by the director by certified mail to the person against whom the process or pleading is directed at his latest address on file in the office of the director.
AZ Rev Stat § 44-1863 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1863 - Receipt of electronic securities filings

44-1863.  Receipt of electronic securities filings An electronic method acceptable to the commission may be used to make any filings relating to the sale or offer for sale of securities. The filing of documents and information using an electronic method is equivalent to paper filing of documents and information with the commission.
AZ Rev Stat § 44-1871 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1871 - Securities that may be registered by description

44-1871.  Securities that may be registered by description A. Securities,  except real property investment contracts,  may be registered by description in the manner provided in sections 44-1872 through 44-1875 if either of the following applies: 1. If such securities are commodity investment contracts or commodity option contracts and the financial condition of the party filing the registration statement meets the requirements specified by any rule of the commission. 2. If securities are of an issuer that both: (a) Has been in continuous operation for not less than three years. (b) Has shown,  for a period of not less than three years during the five years prior to the date of registration,  average annual net income adjusted by adding back interest expenses net of applicable income tax benefits arising therefrom of securities to be retired out of the proceeds of sale,  as follows: (i) In the case of interest-bearing securities,  not less than one and one-half times the annual interest charges on the securities and on all other outstanding interest-bearing securities of equal rank. (ii) In the case of securities having a specified dividend rate,  not less than one and one-half times the annual dividend requirements on the securities and on all outstanding securities of equal rank. (iii) In the case of securities wherein no dividend rate is specified,  not less than five per cent calculated by dividing the adjusted average annual net income by the product of the number of all outstanding securities of equal rank at the completion of the offering and the maximum price at which any of the securities are to be offered for sale. B. An issuer who owns more than fifty per cent of the outstanding voting stock of a corporation is permitted to include the earnings of the corporation applicable to the payment of dividends on the stock so owned in the earnings of the issuer of the securities being registered by description.
AZ Rev Stat § 44-1872 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1872 - Procedure for registration by description; registration statement; consent to service of process

44-1872.  Procedure for registration by description;  registration statement;  consent to service of process Securities qualified under section 44-1871 for registration by description shall be registered by payment of the registration fee prescribed in section 44-1861,  subsection C,  and filing of the following with the commission by the issuer or a registered dealer: 1. A registration statement signed and verified under oath by the issuer or dealer filing the statement and including the following together with other information prescribed by the commission: (a) Name and business address of the person filing the statement. (b) Name and business address of issuer,  and address of issuer's principal office in this state,  if any. (c) Title of securities being registered,  total amount of securities to be offered,  offering price per unit and in the aggregate,  amount of underwriting discounts or commissions or other selling expense per unit and in the aggregate and the net amount to be received by the issuer per unit and in the aggregate. (d) Amount of securities to be offered in this state,  offering price per unit and in the aggregate and the amount of the registration fee computed in accordance with section 44-1861,  subsection C. (e) If the securities are registered under the securities act of 1933,  a copy of the definitive prospectus filed with the SEC. (f) A statement of the facts showing that the securities are entitled to be registered by description,  including an audit report of an independent certified public accountant for the last three fiscal years together with a balance sheet and related statements of income or operations,  stockholders' equity or retained earnings and cash flows that reflect the issuer's financial position,  the results of operations and cash flows,  which if the securities being registered are commodity investment contracts or commodity option contracts may be those of either the issuer or of the dealer filing the statement,  meeting the standards of section 44-1871. The financial statements required by this subdivision must be prepared in conformity with generally accepted accounting principles and examined in accordance with generally accepted auditing standards. (g) The commission,  or the director of securities if proper authority has been delegated to the director,  may require that an offering circular describing the securities and containing other information prescribed by the commission or the director be filed with the statement and be delivered to each offeree of such securities by the person filing the statement. 2. If the person who is registering the securities is not a registered dealer or is not a corporation organized under the laws of this state,  a consent to service of process conforming to the requirements of section 44-1862.
AZ Rev Stat § 44-1873 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1873 - Recording of registration; effective date of registration; renewal; eligibility of registered securities for sale

44-1873.  Recording of registration;  effective date of registration;  renewal;  eligibility of registered securities for sale A. Upon the receipt of a registration statement and the registration fee,  and,  if required,  a consent to service of process,  the director shall record the registration of the securities by description in a register of securities. A registration statement filed under the provisions of section 44-1872 shall be effective when filed with the commission. B. The registration shall be effective for a period of one year and may be renewed for additional periods of one year,  if the securities are entitled to registration by description under section 44-1871 at the time of renewal,  by the filing of a new registration statement under section 44-1872 together with payment of the fee prescribed in subsection C of section 44-1861. C. When registered by description as provided in this section,  the securities may be sold in this state by any registered dealer or by any registered salesman employed by a registered dealer.
AZ Rev Stat § 44-1874 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1874 - Registration of additional securities by description

44-1874.  Registration of additional securities by description Additional amounts of securities registered by description under sections 44-1871 through 44-1873 may with the consent of the commission be registered by payment of an additional registration fee,  which shall be computed as provided in subsection C of section 44-1861 as a separate fee for each additional amount registered.
AZ Rev Stat § 44-1875 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1875 - Filing of additional information

44-1875.  Filing of additional information If at any time in the opinion of the commission or the director the information set forth in a registration statement filed under section 44-1872 is insufficient to establish the fact that the securities described therein are entitled to registration by description,  the commission or the director may require the issuer or dealer who filed the statement to file further information necessary to establish that the securities are entitled to registration by description.
AZ Rev Stat § 44-1876 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1876 - Escrow of certain securities; restrictive sales agreement

44-1876.  Escrow of certain securities;  restrictive sales agreement A. Except as provided in section 44-1901,  as a condition to registration of securities under this chapter,  the commission may in its discretion by order require that securities issued for or which are intended to be issued for a patent right,  copyright,  trademark,  process,  formula,  goodwill,  option,  lease,  assignment,  service,  or other intangible asset,  or for fees or expenses in connection with the promotion or organization of the issuer,  shall be subject to a restrictive sales agreement or shall be deposited in escrow in some depository satisfactory to the commission under an escrow agreement subject to the orders of the commission as to withdrawal or termination,  and whereby the owners of the securities shall not be entitled to sell or transfer the securities without the consent of the commission. Any security that is subject to a restrictive sales agreement shall have a legend on the back of the security that states that the security is subject to a restrictive sales agreement. B. In the event of dissolution or insolvency of the issuer during the time such securities are held in escrow,  the owners of the securities shall not participate in any distribution of assets until after the owners of all other securities have been paid in full.
AZ Rev Stat § 44-1877 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1877 - Escrow of treasury stock; restrictive sales agreement

44-1877.  Escrow of treasury stock;  restrictive sales agreement Except as provided in section 44-1901,  the commission may in its discretion by order require as a condition to registration of securities under this chapter that all treasury stock of the issuer,  or other securities issued and thereafter acquired by the issuer,  shall be subject to a restrictive sales agreement or shall be deposited in escrow in a suitable depository,  subject to the terms and conditions as to release from the restrictive sales agreement or the escrow as the commission deems necessary. Any treasury stock or other security that is subject to a restrictive sales agreement shall have a legend on the back of the treasury stock or other security that states that the treasury stock or other security is subject to a restrictive sales agreement.
AZ Rev Stat § 44-1878 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1878 - Impoundment of funds from sale of speculative securities

44-1878.  Impoundment of funds from sale of speculative securities A. Except as provided in section 44-1901,  as a condition to registration under this chapter of securities of a speculative nature the commission may by order impose reasonable restrictions and conditions upon the use and disbursement of funds to be derived from the sale of such securities,  including impoundment of such funds in a depository satisfactory to the commission,  subject to the orders of the commission and to such terms and conditions as to release as the commission deems necessary. B. If the commission imposes impoundment of funds derived from such securities sales,  and if the registrant fails to comply with other terms and conditions imposed by the commission pursuant to this section or fails to comply with the other provisions of,  or rules adopted pursuant to,  this chapter,  then the commission may order such impounded funds returned to the investors purchasing such securities at their election. C. For the purpose of this section,  an issue of a speculative nature means one in which the business or earnings of the issuer are based upon future developments and potentials rather than on current tangible assets.
AZ Rev Stat § 44-1891 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1891 - Registration by qualification

44-1891.  Registration by qualification Securities required to be registered by qualification under this chapter before they may be sold in this state shall be registered as provided in this article.
AZ Rev Stat § 44-1892 (2021)
2021 Arizona Revised Statutes|Title 44 - Trade and Commerce|§ 44-1892 - Documents required for application for registration by qualification; fee

44-1892.  Documents required for application for registration by qualification;  fee Application for registration of securities by qualification shall be made by the issuer of the securities by filing with the commission the following documents: 1. An application for registration of securities by qualification as provided by section 44-1893. 2. A prospectus as provided by section 44-1894,  except as provided in section 44-1901. 3. A nonrefundable registration fee of one-tenth of one percent of the aggregate offering price of securities to be sold in this state,  but the registration fee shall not be less than two hundred nor more than two thousand dollars. The amount by which a registration fee exceeds one thousand five hundred dollars shall be allocated to the office of economic opportunity operations fund established by section 41-5302. 4. A consent to service of process as provided by section 44-1862,  if the issuer is not domiciled in this state and is not an entity organized under the laws of this state.