reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-3300 - Confidentiality

44-3300.
Confidentiality
A. The names of complainants and all information or documents obtained by any officer,  employee or agent of the commission,  including the shorthand reporter or stenographer transcribing the reporter's notes,  in the course of any examination or investigation are confidential unless the names,  information or documents are made a matter of public record. An officer,  employee or agent of the commission shall not make the confidential names,  information or documents available to anyone other than a member of the commission,  another officer or employee of the commission,  an agent who is designated by the commission or director,  the attorney general or law enforcement or regulatory officials,  except pursuant to any rule of the commission or unless the commission or the director authorizes the disclosure of the names,  information or documents as not contrary to the public interest.
B. The commission shall not disclose the home address,  home telephone number and social security number of an individual investment adviser or an investment adviser representative unless the commission or the director authorizes the disclosure of the information as not contrary to the public interest.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-3321 - Notice filings by open-end companies and unit investment trusts

44-3321.
Notice filings by open-end companies and unit investment trusts
A. Securities that are issued by an open-end company or unit investment trust may be offered for sale and sold in this state if the commission receives all of the following:
1. The documents that are filed with the SEC and that are required by the commission.
2. A consent to service of process.
3. The sales reports that are required by this article.
4. A notice filing fee computed pursuant to section 44-3324.
B. A notice filing is effective and renewable as provided in section 44-3322.
C. Securities that are exempt pursuant to section 44-1843 or that are sold in a transaction that is exempt pursuant to section 44-1844 are exempt from the requirements of this section.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-3322 - Amount and term of securities subject to notice filing

44-3322.
Amount and term of securities subject to notice filing
A. An open-end company or a unit investment trust shall file a notice in order to offer for sale or sell an indefinite amount of securities with the commission.
B. The initial notice filing of an open-end company is effective from the later of receipt by the commission or the effective date with the SEC until two months after the end of the issuer's current fiscal year. After that period,  the notice filing may be renewed by filing the following with the commission no later than the expiration date of the current notice period:
1. The appropriate documents required by chapter 12 of this title and by the commission,  by rule or otherwise.
2. The sales report described in section 44-3323.
3. The notice filing fees required by section 44-3324,  subsection B.
C. On timely completion of the renewal notice filing for an open-end company,  the renewal is automatically effective from the end of the expiring notice period until two months after the end of the issuer's current fiscal year.
D. The initial notice filing of a unit investment trust is effective for one year from the effective date of the registration with the SEC,  regardless of when the notice filing was received in this state. After that period,  the notice filing may be renewed by filing the following with the commission no later than the expiration of the current notice period:
1. The appropriate documents required by chapter 12 of this title and by the commission,  by rule or otherwise.
2. The notice filing fees required by section 44-3324,  subsection E,  paragraph 1.
E. On timely completion of the renewal notice filing for unit investment trusts,  the renewal is automatically effective for one year from the end of the expiring notice period.
F. The commission may adopt rules with respect to notice filings for investment companies other than open-end companies or unit investment trusts.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-3323 - Sales reports

44-3323.
Sales reports
A. The sales report filed with the commission shall specify the total amount of sales made to persons in this state during the time periods specified in this section together with such other information the commission designates by rule or otherwise.
B. An issuer that elected to pay the maximum fee provided in section 44-3324 is not required to file a sales report with the commission when renewing or terminating the notice filing.
C. When renewing its notice filing,  an open-end company that elected to pay the minimum fee prescribed in section 44-3324 for the expiring notice period shall file a sales report within two months after its fiscal year ends to report the sales made to persons in this state during the prior fiscal year.
D. An open-end company that elected to pay the minimum fee prescribed in section 44-3324 for the expiring notice period and that does not renew the notice filing shall file a final sales report within two months of the expiration of the notice period to report the sales made to persons in this state during the prior fiscal year and during the two month period from the end of the prior fiscal year to the expiration of the notice period.
E. When renewing its notice filing,  a unit investment trust that elected to pay the minimum fee prescribed in section 44-3324 for the expiring notice period shall file a sales report within two months after the end of the expiring notice period to report the sales made to persons in this state during the prior notice period.
F. A unit investment trust that elected to pay the minimum fee prescribed in section 44-3324 and that does not renew the notice filing shall file a final sales report within two months after the expiration of the notice period to report the sales made to persons in this state during the notice period.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-3325 - Notice filings by closed-end companies

44-3325.
Notice filings by closed-end companies
A. Securities that are issued by a closed-end company may be offered for sale and sold in this state if the commission receives all of the following from the closed-end company:
1. The documents that are filed with the SEC and that are required by the commission.
2. A consent to service of process.
3. A notice filing fee calculated pursuant to this section.
B. A notice filing is effective and renewable on the filing date with the commission or the effective date with the SEC,  whichever occurs last,  and the notice filing is effective for one year from that date.
C. A closed-end company shall include with the company's notice filing a notice filing fee of one-tenth of one percent of the aggregate offering price of securities sold in this state,  but the fee shall not be less than two hundred dollars and not more than two thousand dollars. The amount by which a notice filing fee exceeds one thousand five hundred dollars shall be allocated to the office of economic opportunity operations fund established by section 41-5302.
D. A closed-end company shall file a report of all sales of securities to persons in this state during the period of the notice filing. The closed-end company shall file the report with the commission within sixty days after the termination date of the offering within this state or the expiration date of the notice filing,  whichever occurs first. A closed-end company that fails to timely file a report of sales shall pay a late filing fee of two hundred dollars.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5001 - Definitions

44-5001.
Definitions
In this chapter,  unless the context otherwise requires:
1. " Home solicitation sale" :
(a) Means a sale of goods or services in which the seller or the seller's representative personally solicits the sale without prior invitation,  appointment or consent and the buyer's agreement or offer to purchase is made at a home other than that of the person soliciting the same and that agreement or offer to purchase is there given to the seller or the seller's representative.
(b) Includes a cash sale that otherwise meets the definition of a home solicitation sale if the seller makes or provides a loan to the buyer or obtains or assists in obtaining a loan for the buyer to pay the purchase price.
(c) Does not include a sale that is pursuant to a preexisting account with a seller whose primary business is selling goods or services at a fixed location or that is made pursuant to prior negotiations between the parties at a business establishment at a fixed location where goods or services are offered or exhibited for sale.
2. " Person" :
(a) Includes a corporation,  company,  partnership,  firm,  association,  society or natural person.
(b) When used to designate the party whose property may be the subject of a criminal or public offense,  includes the United States,  this state or any territory,  state or country,  any political subdivision of this state that may lawfully own any property,  or a public or private corporation,  partnership or association.
(c) When used to designate the violator or offender of any law,  includes a corporation,  a partnership or any association of persons.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5002 - Cancellation period; method of cancellation; intent; waiver void

44-5002.
Cancellation period;  method of cancellation;  intent;  waiver void
A. In addition to any right otherwise to revoke an offer,  the buyer may cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement subject to the provisions of this chapter. For the purposes of this chapter,  " business day"  does not include Sundays or the federal holidays of New Year's Day,  Memorial Day,  Independence Day,  Labor Day,  Columbus Day,  Veterans' Day,  Thanksgiving Day,  Christmas Day,  or Washington's Birthday.
B. Cancellation shall occur when the buyer gives written notice of cancellation in person or by telegram to the seller at the address specified for notice of cancellation provided by the seller or when such written notice bearing such address is deposited in the United States mail by either ordinary mail or registered mail.
C. Notice of cancellation given by the buyer is effective if it indicates the intention on the part of the buyer not to be bound by the home solicitation sale.
D. Any provision of a contract,  offer or agreement that waives a buyer's right of cancellation under this section is void and has no effect.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5003 - Referral sales, rebate or discount violations

44-5003.
Referral sales,  rebate or discount violations
No seller in a home solicitation sale shall offer to pay a commission or give a rebate or discount to the buyer in consideration of the buyer's giving to the seller the names of prospective purchasers or otherwise aiding the seller in making a sale to another person,  if the earning of the commission,  rebate or discount is contingent upon an event that is to happen subsequent to the time the buyer agrees to buy. Any sale made in respect to which a commission,  rebate or discount is offered in violation of the provisions of this chapter shall be voidable at the option of the buyer.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5005 - Transfer

44-5005.
Transfer
A. A note or other evidence of indebtedness given by a buyer in respect of a home solicitation sale shall be dated not earlier than the date of the agreement or offer to purchase. Any transfer of a note or other evidence of indebtedness bearing the statement required by subsection B of this section shall be deemed an assignment only and any right,  title or interest which the transferee may acquire thereby shall be subject to all claims and defenses of the buyer against the seller pursuant to the provisions of this chapter and sections 44-144 and 44-145.
B. Each note or other evidence of indebtedness given by a buyer in respect of a home solicitation sale shall bear on its face a conspicuous statement as follows: " This instrument is based upon a home solicitation sale,  which is subject to the provisions of title 44,  chapter 15. This instrument is not negotiable."
C. Compliance with the requirements of this section shall be a condition precedent to any right of action by the seller or any transferee of an instrument bearing the statement required under subsection B of this section against the buyer upon such instrument and shall be pleaded and proved by any person who may institute an action or suit against a buyer in respect thereof.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5006 - Time limitation; disposition of goods

44-5006.
Time limitation;  disposition of goods
A. Except as provided in this section,  within ten days after a home solicitation sale has been canceled,  the seller shall tender to the buyer any payments made by the buyer and any note or other evidence of indebtedness.
B. If the down payment includes goods traded in,  the goods shall be tendered in substantially as good condition as when received. If the seller fails to tender the goods as provided by this section,  the buyer may elect to recover an amount equal to the trade-in allowance stated in the agreement.
C. The buyer may retain possession of goods delivered to him by the seller and has a lien on the goods for any recovery to which he is entitled until the seller has complied with the obligations imposed by this section.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5007 - Buyer responsibility; services

44-5007.
Buyer responsibility;  services
A. Except as provided in subsection C of section 44-5006,  within twenty days after a home solicitation sale has been canceled,  the buyer upon demand shall tender to the seller any goods delivered by the seller pursuant to the sale,  but he is not obligated to tender at any place other than his own address. If the seller fails to take possession of such goods within twenty days after cancellation the goods shall become the property of the buyer without obligation to pay for them.
B. The buyer shall take reasonable care of the goods in his possession both prior to cancellation and during the following twenty-day period. During the twenty-day period after cancellation,  except for the buyer's duty of care,  the goods are at the seller's risk.
C. If the seller has performed any services pursuant to a home solicitation sale prior to its cancellation,  the seller is entitled to a cancellation fee of five per cent of the cash price,  fifteen dollars,  or the amount of the cash down payment,  whichever is less. If the seller's services result in the alteration of property of the buyer,  the seller shall restore the property to substantially as good condition as it was in at the time the services were rendered.
D. The buyer may not cancel a home solicitation sale if he requests the seller to provide goods or services without delay because of an emergency and the seller in good faith makes a substantial beginning of performance before notice of cancellation,  and the goods cannot be returned to the seller in substantially as good condition as when the buyer received them.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5101 - Wholesale buyers; wholesale sellers; disclosure; unlawful practice; definitions

44-5101.
Wholesale buyers;  wholesale sellers;  disclosure;  unlawful practice;  definitions
A. Before the parties enter into any binding agreement:
1. A wholesale buyer of residential real property shall disclose in writing to the seller that the buyer is a wholesale buyer.
2. A wholesale seller of residential real property shall disclose in writing to the buyer that the seller is a wholesale seller that holds an equitable interest in the real property and that the wholesale seller may not be able to convey title to the property.
B. Notwithstanding any other provisions contained in the contract for sale,  if a wholesale buyer violates this section,  the seller may cancel the contract for sale at any time prior to the close of escrow without penalty and may retain any earnest money paid by the wholesale buyer.
C. Notwithstanding any other provisions contained in the contract for sale,  if a wholesale seller violates this section,  the buyer may cancel the contract for sale at any time prior to the close of escrow without penalty and shall be refunded all earnest money paid by the buyer.
D. For the purposes of this section:
1. " Residential real property"  means real property with fewer than five dwelling units.
2. " Wholesale buyer"  means a person or entity that enters into a purchase contract for residential real property as the buyer and assigns that same contract to another person or entity.
3. " Wholesale seller"  means a person or entity that enters into a purchase contract for residential real property as the seller,  that does not hold legal title to that real property and that assigns that same contract to another person or entity.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-5501 - Restrictions

44-5501.
Restrictions
A. This section applies to a consumer credit sale of goods or services.
B. Notwithstanding any agreement to the contrary,  if the seller or his assignee retakes goods which were the subject of the sale,  the buyer shall not be personally liable for the unpaid balance of the price if the sales price were one thousand dollars or less. If the fair market value of retaken goods exceeds the unpaid balance,  the buyer shall be entitled to the difference between the unpaid balance,  after first deducting all unearned finance charges,  and the fair market value of the goods at the time of retaking,  less the seller's or assignee's reasonable costs and expenses as provided in title 47,  chapter 9,  article 6. However,  the buyer may be liable in damages to the seller or his assignee if the buyer has wrongfully damaged the collateral or if,  after default and demand,  the buyer has wrongfully failed to make the collateral available to the seller or his assignee.
C. Neither the seller of consumer goods or services nor his assignee may take any other security for a consumer credit sale other than (1) a security interest in goods sold or as to which services have been rendered and (2) in the realty to which such goods may be affixed. If the seller or assignee elects not to retake the goods,  but brings an action for the unpaid balance,  the goods may not thereafter be retaken and are not subject to judicial process to enforce any judgment obtained therein.
D. " Fair market value"  means the price arrived at in good faith which a knowledgeable and willing buyer would pay and a knowledgeable and willing seller would ask for the goods in question. " Good faith"  shall be defined as set forth in section 47-1201.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6004 - Assignment or transfers

44-6004.
Assignment or transfers
A. The provisions of this section shall apply notwithstanding any law to the contrary.
B. An assignee may purchase or acquire any retail installment contract or retail charge account agreement or any outstanding balance under either from a seller or holder on terms,  conditions and price as may be mutually agreed upon.
C. Notice to the buyer of the assignment and any requirement that the transferor be deprived of dominion over payments upon a retail installment contract or retail charge account agreement or over the goods if returned to or repossessed by the seller or holder,  is not necessary to the validity of a written assignment of the retail installment contract or retail charge account agreement or any outstanding balance under either as against creditors,  subsequent purchasers,  pledgees,  mortgagees or lien claimants of the transferor.
D. Unless the buyer has notice of the assignment of his retail installment contract,  retail charge account agreement or any outstanding balance under either,  payment made by the buyer to the holder last known to him is binding upon all subsequent holders.
E. A holder may acquire from a retail seller or another holder invoices or other memoranda evidencing retail sales on such terms,  conditions and price,  discount or other charge as may be mutually agreed upon. Such price,  discount or other charge is not a part of the time price differential or delinquency charge permitted.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6005 - Periodic statements required

44-6005.
Periodic statements required
Except where the seller or holder deems an account pursuant to a retail charge account agreement to be uncollectible or where delinquency collection procedures have been instituted with respect to such an account,  the seller or holder of the account shall,  within a reasonable time after the end of the periodic billing cycle,  mail or deliver to the buyer who is obligated pursuant to the terms of such agreement,  for each billing cycle at the end of which there is an outstanding balance in excess of one dollar in that account or with respect to which a finance charge is imposed,  a statement or statements which the buyer may retain. A reasonable time after the end of the billing cycle is presumed to be fifteen days.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6006 - Violation; bar to recovery

44-6006.
Violation;  bar to recovery
A seller or holder who violates any provision of this chapter is barred from recovery of any finance charge,  official fees and delinquency charge under or in connection with the related retail installment contract or the related retail charge account agreement for as long as the violation continues. This section does not bar the seller or holder from recovery from the buyer of an amount equal to the cash price of the goods or services and the cost to the seller or holder of any insurance included in the transaction.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6501 - Authorization to apply for foreign trade zone

44-6501.
Authorization to apply for foreign trade zone
The state of Arizona and any county,  city or town within the state or a public or private corporation or any combination thereof may apply to the foreign trade zones board,  United States department of commerce,  for the right to establish,  operate and maintain a foreign trade zone and subzones and may acquire land for the purposes of this section. For the purposes of this section,  such foreign trade zone or subzone may be incorporated outside the boundaries of a municipality or be made up of areas from adjoining counties.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6551 - Definitions

44-6551.
Definitions
In this article,  unless the context otherwise requires:
1. " Charitable organization"  means either of the following:
(a) A person determined by the internal revenue service to be a tax exempt organization pursuant to section 501(c)(3) of the internal revenue code.
(b) A person who is or who is held out to be established for a benevolent,  educational,  philanthropic,  humane,  scientific,  patriotic,  social welfare or advocacy,  public health,  environmental conservation,  civic or other eleemosynary purpose or a person who in any manner employs a charitable appeal as the basis of a solicitation.
2. " Contracted fund raiser"  means a person who for profit either solicits directly or employs,  procures or engages another person to solicit for a charitable organization. A contracted fund raiser does not include a lawyer,  investment counselor or banker who advises a person to make a charitable contribution,  a bona fide salaried officer,  employee or volunteer of a charitable organization or a person the contracted fund raiser employs,  procures or engages to solicit.
3. " Independent solicitor"  means a person who for profit engages to solicit on behalf of a charitable organization or on behalf of a contracted fund raiser.
4. " Solicit"  and " solicitation"  means a request of any kind for a contribution or a request for the purchase of goods,  tickets or services for a charitable purpose.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6561 - Unlawful acts or practices; violation; classification; civil penalty

44-6561.
Unlawful acts or practices;  violation;  classification;  civil penalty
A. The following acts and practices are unlawful as applied to the planning,  conduct or execution of a solicitation and constitute unlawful practices under section 44-1522 that the attorney general may investigate and for which the attorney general may take appropriate action as prescribed by chapter 10,  article 7 of this title:
1. Knowingly using an emblem,  device or printed matter belonging to or associated with a charitable organization without first being authorized in writing to do so by the charitable organization.
2. Knowingly using a name,  symbol or statement so closely related or similar to that used by another charitable organization for the purpose of misleading a solicited person.
3. Knowingly making a misrepresentation to a person that the person on whose behalf a solicitation is being conducted is a charitable organization.
4. Knowingly making a representation to a person that another person sponsors,  endorses or approves the solicitation if the other person has not given consent in writing to the use of that person's name for these purposes.
5. Knowingly failing to post in a clear and conspicuous manner at a location in which a charitable organization or other business entity receives donated items for the purpose of reselling the items to financially benefit a charitable organization one of the following statements:
(a) This collection site is owned by [name of charity],  a charitable organization. Donated items received at this location will support the charitable mission of [name of charity].
(b) This collection site is owned by [name of company],  a for-profit company. Donated items received at this location will be sold by [name of company] with a portion of the proceeds benefiting [name of charity].
6. Knowingly making a misrepresentation to a person that a donation is any of the following:
(a) Tax deductible.
(b) Going to a nonprofit corporation.
(c) Enabling the person to receive a tax credit.
B. A contracted fund raiser who knowingly conducts any act or practice proscribed in subsection A of this section is guilty of a class 6 felony.
C. An independent solicitor who knowingly conducts any act or practice proscribed in subsection A of this section is guilty of a class 1 misdemeanor.
D. In addition to the criminal offenses provided in subsections B and C of this section,  if a person conducts an act or practice proscribed in subsection A of this section,  the attorney general may recover from the person on behalf of the state a civil penalty of not more than one thousand dollars per violation. The civil penalty prescribed by this subsection is in lieu of the penalty prescribed by section 44-1531.
E. For the purposes of subsection A,  paragraph 5 of this section,  an entity owns a collection site if the entity receives at least fifty-one percent of the proceeds generated by the retail sale of the donated items received at the collection site.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6701 - Definitions

44-6701.
Definitions
In this chapter,  unless the context otherwise requires:
1. " Dealer agreement"  means an oral or written contract or agreement of definite or indefinite duration between a supplier and an equipment dealer that prescribes the rights and obligations of each party with respect to the purchase or sale of equipment.
2. " Equipment"  means machines designed for or adapted and used for agriculture,  livestock,  grazing,  light industrial and utility purposes. Equipment does not include earthmoving and heavy construction equipment,  mining equipment or forestry equipment.
3. " Equipment dealer"  or " dealer"  means any person,  partnership,  corporation,  association or other form of business enterprise that is primarily engaged in the retail sale of equipment.
4. " Net cost"  means the price the equipment dealer pays to the supplier for equipment,  including the freight costs from the supplier's location to the equipment dealer's location,  minus all applicable discounts allowed by the supplier.
5. " Net price"  means the price listed for repair parts in the supplier's price list or catalog minus all applicable discounts allowed by the supplier.
6. " Supplier"  means any person,  partnership,  corporation,  association or other business enterprise that is engaged in the manufacturing,  assembly or wholesale distribution of equipment or repair parts,  or both,  and includes any successor in interest,  including a purchaser of assets or stock,  or a surviving corporation that results from a merger,  liquidation or reorganization of the original supplier.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6703 - Dealer agreements; cancellation

44-6703.
Dealer agreements;  cancellation
A. Unless one or more of subsection B,  paragraphs 1 through 10 apply,  a supplier shall give an equipment dealer ninety days' written notice of the supplier's intent to terminate,  cancel or not renew a dealer agreement or to change the competitive circumstances of that agreement. The notice shall state the reasons for this action and that the dealer has sixty days to cure any claimed deficiency. If the dealer cures the deficiency to the supplier's satisfaction within that time,  the supplier may not terminate,  cancel,  refuse to renew or change the competitive circumstances of the agreement for the reasons specified in the notice. The agreement's terms do not expire and the supplier shall not change the competitive circumstances of the agreement before the end of the ninety day period without the dealer's written consent.
B. A supplier,  either directly or through an agent,  shall not terminate,  cancel,  fail to renew or substantially change the competitive circumstances of a dealership agreement without cause. For the purposes of this subsection,  " cause"  means that a dealer:
1. Fails to comply with the terms of the agreement if these requirements are not different from those imposed on other similarly situated dealers in this state.
2. Transfers a controlling ownership interest in the dealership without the supplier's consent. The supplier shall not withhold consent without good reason.
3. Makes a material misrepresentation or falsification of a record.
4. Files a voluntary petition in bankruptcy or has an involuntary petition in bankruptcy filed against him that has not been discharged within sixty days after it was filed.
5. Is insolvent or in receivership.
6. Pleads guilty to or is convicted of a felony.
7. Fails to operate in the normal course of business for seven consecutive business days or terminates the business.
8. Relocates or establishes a new or additional equipment dealer's place of business without the supplier's consent.
9. Fails to satisfy a payment obligation as it comes due and payable to the supplier.
10. Fails to promptly account to the supplier for any proceeds from the sale of equipment or to hold these proceeds in trust for the supplier's benefit.
11. Consistently engages in business practices that are detrimental to the consumer or the supplier including excessive pricing,  misleading advertising or failing to provide service and replacement parts or to perform warranty obligations.
12. Consistently fails to meet the supplier's market penetration requirements based on available record information and after receiving notice from the supplier of the supplier's requirements.
13. Consistently fails to meet building and housekeeping requirements.
14. Consistently fails to provide adequate sales,  service or parts personnel commensurate with the dealer agreement.
15. Consistently fails to comply with the applicable licensing laws pertaining to the products and services the dealer represents as being for and on the supplier's behalf.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6704 - Surplus parts inventory; credits

44-6704.
Surplus parts inventory;  credits
A. Unless this section is specifically waived in writing by the dealer,  a supplier shall allow a dealer to periodically,  or at least once every twelve months,  return a portion of the dealer's surplus parts inventory for credit. The supplier shall notify the dealer of a time period when a dealer may submit the dealer's surplus parts list and return this inventory. The designated return period shall be at least ninety days. A supplier may stagger return periods for its dealers.
B. If a supplier has not notified its dealer of a specific time period for returning surplus parts within the preceding twelve months,  it shall allow the dealer to return surplus parts within sixty days of receiving the dealer's request to make this return.
C. A supplier shall allow surplus parts return on a dollar value of parts equal to ten per cent of the total dollar value of all parts purchased by the dealer from the supplier during either the twelve month period immediately preceding the supplier's notification to the dealer of the supplier's return program or,  if subsection B applies,  the month the dealer makes a return request. The dealer may elect to return a dollar value of the surplus parts equal to less than ten per cent of the total dollar value of the parts the dealer purchased during the preceding twelve months.
D. A dealer may not return obsolete or superseded parts. However,  a dealer may return for credit a part found in the supplier's current returnable parts list or a superseded part that is not the subject of either the supplier's parts return program as of the date the supplier notifies the dealer or,  if subsection B applies,  as of the date the equipment dealer made a return request.
E. A dealer shall return only new and unused parts to the supplier of these parts.
F. The minimum credit allowed for returned parts is ninety-five per cent of the net price as listed in the supplier's current returnable parts list as of the date that the supplier provides notice of its return program or,  if subsection B applies,  the date that the dealer submits a request for return.
G. A supplier shall issue credit within ninety days after receiving a return part.
H. This section does not prevent a supplier from charging back to the dealer's account amounts previously paid or credited as a discount incident to the dealer's purchase of goods.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6706 - Repurchase; title; security interest

44-6706.
Repurchase;  title;  security interest
Upon payment of the repurchase amount to the equipment dealer,  the title and right to possession of the repurchased inventory shall transfer or be transferred to the supplier and the equipment dealer shall have a continuing perfected security interest in the inventory until payment by the supplier. The security interest shall be perfected without the filing of a financing statement for a period of six years.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6707 - Death of equipment dealer; definition

44-6707.
Death of equipment dealer;  definition
A. If an equipment dealer dies or becomes incapacitated,  the supplier shall repurchase the inventory from the estate pursuant to the inventory repurchase provisions of section 44-6705 as if the supplier had terminated the dealer agreement. The guardian,  the executor or,  if the dealer died intestate,  the heirs have six months from the date of the dealer's incapacity or death to submit inventory for repurchase.
B. This section does not require a supplier to repurchase inventory if the supplier and a dealer's family member have entered into a new dealer agreement.
C. This section does not entitle a guardian,  heir or personal representative of an incapacitated or deceased dealer to operate a dealership for more than six months after the dealer's incapacity or death.
D. This section is supplemental to an agreement between the dealer and the supplier that covers the return of equipment,  attachments and repair parts.
E. This section does not limit the right of a supplier to charge back to the dealer's account amounts previously paid or credited as a discount pertaining to the equipment dealer's purchase of inventory.
F. For the purposes of this section,  " dealer"  means an owner,  an equal or majority partner or the majority stockholder of a corporation who operates as an equipment dealer.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6708 - Cause of action; remedies

44-6708.
Cause of action;  remedies
A. An equipment dealer may bring an action against a supplier in any court of competent jurisdiction for damages sustained by the dealer as a consequence of the supplier's violation of the provisions of this chapter. The dealer may also recover costs and reasonable attorney fees.
B. An equipment dealer may be granted injunctive relief against unlawful termination,  cancellation,  nonrenewal or change in competitive circumstances.
C. The remedies provided by this section are in addition to any other remedies permitted by law and do not affect laws relating to product liability actions.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6709 - Current agreements; effect of law; void provisions

44-6709.
Current agreements;  effect of law;  void provisions
A. This chapter applies to dealer agreements in effect on the effective date of this chapter at the time the agreements are extended,  revised,  modified or changed in any manner and applies to all dealer agreements entered into or renewed on or after the effective date of this chapter.
B. A provision in any contract or agreement with respect to a supplier that requires jurisdiction or venue outside of this state or requires the application of the laws of another state or country is void with respect to a claim otherwise enforceable under this chapter.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6751 - Investment of pension funds

44-6751.
Investment of pension funds
Notwithstanding any other law,  the investment managers of public and private pension funds deposited in this state shall not be required to invest in any type of investment dictated or required by any entity of the federal government that is intended to fund economic development projects,  public works or social programs,  but investment managers may consider such economically targeted investments pursuant to their fiduciary responsibility.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6801 - Definitions

44-6801.
Definitions
In this chapter,  unless the context otherwise requires:
1. " Advertisement"  means a commercial message in any medium that solicits a consumer to enter a rental-purchase agreement.
2. " Cash price"  means the price at which the lessor would have sold the property to the consumer for cash on the date of the rental-purchase agreement.
3. " Consumer"  means an individual who rents personal property under a rental-purchase agreement to be used primarily for personal,  family or household purposes.
4. " Consummation"  means the date on which a consumer becomes contractually obligated under a rental-purchase agreement or on the date the first payment is made,  whichever is earlier.
5. " Cost of rental"  means the difference between the total of all periodic payments necessary to acquire ownership under the rental-purchase agreement and the cash price of the rental property that is subject to the rental-purchase agreement.
6. " Fee"  means any charge,  fee,  cost or expense,  however denominated,  other than a rental payment.
7. " Lessor"  means a person who,  in the ordinary course of business,  regularly leases,  offers to lease or arranges for the leasing of property under a rental-purchase agreement.
8. " Rental-purchase agreement"  means an agreement that is for the use of personal property by an individual for personal,  family or household purposes,  that is for an initial period of four months or less,  that is automatically renewable with each payment after the initial period and that permits the consumer to become the owner of the property but that does not obligate or require the consumer to continue leasing or using the property beyond the initial period.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6802 - Applicability

44-6802.
Applicability
A. This chapter does not apply to the following:
1. Rental-purchase agreements primarily for business,  commercial or agricultural purposes.
2. Rental-purchase agreements with governmental agencies or instrumentalities or with organizations.
3. A lease of a safe deposit box.
4. A lease or bailment of personal property that is incidental to the lease of real property and that provides that the consumer has no option to purchase the leased property.
5. A lease of a motor vehicle,  manufactured home,  mobile home,  factory-built building or recreational vehicle.
B. Notwithstanding section 44-6001,  paragraphs 9,  10 and 11,  chapter 17 of this title does not apply to a rental-purchase agreement.
C. Notwithstanding section 47-1201,  subsection B,  paragraph 35,  that paragraph and title 47,  chapter 9 do not apply to a rental-purchase agreement.
D. Chapter 10,  article 7 of this title applies to a rental-purchase agreement.
E. Unless a consumer's offer or agreement to enter into a rental-purchase agreement is made in a telephone communication initiated by the consumer,  chapter 15 of this title applies to a rental-purchase agreement.
F. This chapter does not apply to:
1. The owner or publisher of any newspaper,  magazine or other publication of printed matter in which an advertisement appears or to the owner or operator of a radio or television station or computer information service that disseminates the advertisement if the owner,  publisher or operator does not have knowledge of the intent,  design or purpose of the advertiser.
2. Any advertisement that is subject to and complies with the rules and regulations of and the statutes administered by the federal trade commission.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6803 - General requirements of disclosure

44-6803.
General requirements of disclosure
A. A lessor shall disclose to a consumer the information prescribed in section 44-6804. In a transaction involving more than one lessor,  only one lessor is required to make the disclosures prescribed in section 44-6804,  but all lessors are bound by the disclosures made.
B. The disclosures shall be made on or before the consummation of the rental-purchase agreement.
C. The disclosure shall be made clearly and conspicuously in writing,  and a completed copy of the rental-purchase agreement shall be provided to the consumer upon signature of the consumer and lessor. The disclosures prescribed in section 44-6804 shall be made on the face of the agreement above the line for the consumer's signature.
D. If a disclosure becomes inaccurate as a result of any act,  occurrence or agreement by the consumer after delivery of the required disclosures,  the resulting inaccuracy does not violate this chapter.
E. If any portion of the transaction is conducted in any language other than English,  the disclosures prescribed in section 44-6804 shall be made in the language other than English.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6805 - Prohibited rental-purchase agreement terms; practices

44-6805.
Prohibited rental-purchase agreement terms;  practices
A. A rental-purchase agreement shall not contain any of the following:
1. A confession of judgment.
2. A negotiable instrument.
3. A security interest or any other claim of a property interest in any property of the consumer.
4. A wage assignment.
5. A waiver by the consumer of claims or defenses.
6. A provision authorizing the lessor or a person acting on the lessor's behalf to enter the consumer's premises without permission or to commit any breach of the peace in the repossession of rental property.
7. A provision requiring the purchase of insurance or a liability damage waiver from the lessor for the rental property that is the subject of the rental-purchase agreement.
8. A provision that states that mere failure to return rental property constitutes probable cause for a criminal action.
9. A provision requiring the consumer to make a payment in addition to regular rental payments to acquire ownership of the rental property,  or a provision requiring the consumer to make rental payments totalling more than the dollar amount necessary to acquire ownership as disclosed pursuant to section 44-6804.
10. A provision requiring a reinstatement fee unless a periodic payment is late more than seven days under a rental-purchase agreement with periodic payments made monthly or more than two days under a rental-purchase agreement with payments made more frequently than monthly.
11. A provision requiring a reinstatement fee of more than five dollars.
12. A provision requiring more than one reinstatement fee on any one periodic payment regardless of the period of time that it remains unpaid.
13. A provision requiring a late charge or any other type of charge or penalty for reinstating a rental-purchase agreement other than a reinstatement fee,  except that a lessor may use the term " late charge"  or a similar term to refer to a reinstatement fee.
14. A provision requiring that a consumer who rents multiple items in a single rental-purchase agreement pay an amount to acquire ownership of the items that exceeds the combined total amounts required to acquire ownership of the items if rented separately for the same term.
B. A lessor shall not engage in any unfair,  unlawful or deceptive act or practice or make any false or misleading statement in connection with a rental-purchase agreement.
2023 Arizona Revised Statutes › Title 44 - Trade and Commerce › § 44-6807 - Reinstatement

44-6807.
Reinstatement
A. A consumer who fails to make a timely rental payment may reinstate the rental-purchase agreement,  without losing any rights or options that exist under the rental-purchase agreement,  by paying the following charges within seven days after the renewal date of the rental-purchase agreement:
1. All past due rental payments.
2. If the rental property has been picked up,  the reasonable cost of pickup and any redelivery.
3. Any applicable reinstatement fee.
B. A consumer who has paid less than sixty per cent of the total amount necessary to acquire ownership of rental property is entitled to an extended reinstatement period of at least sixty days if the consumer voluntarily surrenders the rental property,  other than through judicial process,  within seven days after the consumer's receipt of a written demand for the return of the rental property providing notice of the consumer's opportunity to obtain the extended reinstatement period.
C. A consumer who has paid sixty per cent or more of the total amount necessary to acquire ownership of rental property is entitled to an extended reinstatement period of at least one hundred eighty days if the consumer voluntarily surrenders the rental property,  other than through judicial process,  within fourteen days after the consumer's receipt of a written demand for the return of the rental property providing notice of the consumer's opportunity to obtain the extended reinstatement period.
D. Nothing in this section prevents a lessor from attempting to repossess rental property during the applicable reinstatement period,  but the repossession does not affect the consumer's right to reinstate. If the consumer reinstates after the lessor has repossessed the rental property,  the lessor shall provide the consumer with the same property,  if available,  or with substitute property of comparable quality and condition.