Arizona § 44-1964 Temporary suspension orders

Arizona Statutes

§ 44-1964 — Temporary suspension orders

Arizona § 44-1964

Title 44Arizona Revised Statutes

Ch. 12SALES OF SECURITIES

Art. 10Denial, Revocation or Suspension of Registration as Dealer or Salesman

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Bluebook

Ariz. Rev. Stat. Ann. § 44-1964 (2026).

Text

A.If the commission has reasonable grounds to believe that a registered dealer or salesman has been guilty of any act or omission which would be sufficient ground for denying or revoking the registration of the dealer or salesman, it may enter an order temporarily suspending the registration of the dealer or salesman pending an examination into his affairs, or pending a hearing or notice and opportunity for hearing as provided by article 11 of this chapter, but no temporary suspension order shall be effective for more than thirty days except with consent of the registrant. The suspension order shall state specifically the grounds for its issuance.

B.On entry of the temporary suspension order, or of an order withdrawing a temporary suspension order previously entered, the director shall

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A. If the commission has reasonable grounds to believe that a registered dealer or salesman has been guilty of any act or omission which would be sufficient ground for denying or revoking the registration of the dealer or salesman, it may enter an order temporarily suspending the registration of the dealer or salesman pending an examination into his affairs, or pending a hearing or notice and opportunity for hearing as provided by article 11 of this chapter, but no temporary suspension order shall be effective for more than thirty days except with consent of the registrant. The suspension order shall state specifically the grounds for its issuance.

B. On entry of the temporary suspension order, or of an order withdrawing a temporary suspension order previously entered, the director shall send a copy of the order, by certified mail, to the dealer or salesman whose registration is affected at the dealer's or salesman's business address, and, if the order affects the registration of a salesman, to the registered dealer who employs the salesman.