Ariz. Admin. Code § 14-4-110

Current through Register Vol. 30, No. 25, June 21, 2024

Section R14-4-110 - Installment Sales

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.

Ariz. Admin. Code § R14-4-110

Former Order S-10. Subsection numbering corrected to conform to Secretary of State guidelines (Supp. 00-1).