Arizona Statutes
§ 44-1733 — Sale or contract for sale of interest in pyramid promotional scheme voidable
Arizona·Title 44 Arizona Revised Statutes·Ch. 11 REGULATIONS CONCERNING PARTICULAR BUSINESSES·Art. 9 Pyramid Promotional Schemes
Any purchaser in a pyramid promotional scheme may, notwithstanding any agreement to the contrary, declare the related sale or contract for sale void, and he may bring an action in a court of competent jurisdiction to recover the consideration he paid to participate in the scheme. In such action the court shall, in addition to any judgment awarded to the plaintiff, require the defendant to pay interest, reasonable attorneys' fees and the costs of the action, less any money paid to the plaintiff as profit in the transaction.
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Arizona § 44-1733 (Sale or contract for sale of interest in pyramid promotional scheme voidable) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 44-1001
Definitions§ 44-1002
Insolvency§ 44-1003
Value§ 44-1007
Remedies of creditors§ 44-1009
Extinguishment of claim for relief§ 44-101
Statute of frauds§ 44-1010
Supplementary provisions