Security Offering | Statutory or Administrative Code Reference | Administrative Completeness Review (in days) | Substantive Review (in days) | Overall Time-frame (in days) |
Nonexempt government securities | A.R.S. § 44-1843.01 | 10 | 10 | 20 |
Exempt transactions - existing stockholders and/or employees | A.A.C. R14-4-101 | 5 | 5 | 10 |
Exempt transactions - restricted public offerings | A.A.C. R14-4-102 | 5 | 5 | 10 |
Ariz. Admin. Code tit. 14, ch. 4, art. 1, tbl. A