Arizona Statutes
§ 44-2001 — Voidable sale or contract for sale of securities; remedy
Arizona·Title 44 Arizona Revised Statutes·Ch. 12 SALES OF SECURITIES·Art. 14 Civil Remedies and Liabilities
A.A sale or contract for sale of any securities to any purchaser in violation of section 44-1841 or 44-1842 or article 13 of this chapter is voidable at the election of the purchaser, and the purchaser may bring an action in a court of competent jurisdiction to recover the consideration paid for the securities, with interest, taxable court costs and reasonable attorney fees, less the amount of any income received by dividend or otherwise from ownership of the securities, on tender of the securities purchased or the contract made, or for damages if the purchaser no longer owns the securities.
B.A person against whom an action for a violation of section 44-1991 is brought is not liable under subsection A of this section if the person sustains the burden of proof that the person did not k
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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