Arizona Administrative Code
Title 14 - PUBLIC SERVICE CORPORATIONS; CORPORATIONS AND ASSOCIATIONS; SECURITIES REGULATION
Chapter 4 - Corporation Commission - Securities
Article 1 - IN GENERAL RELATING TO THE ARIZONA SECURITIES ACT
Section R14-4-110 - Installment Sales
Universal Citation: AZ Admin Code R 14-4-110
Current through Register Vol. 30, No. 38, September 20, 2024
A. Marginal sales of securities will be permitted on an installment basis with approximately 50% paid down at the time of subscription and the balance payable within 10 months.
B. Subsection (A) will not apply:
1. To sales of partnership
interests, or joint venture interests, the issuer having made other installment
arrangements acceptable to the Director of Securities.
2. To securities registered under the
Investment Company Act of 1940.
3.
In other unusual instances and the burden shall rest on the applicant to
justify its exclusion from said provision.
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