There Is a Newer Version
of
this Section
2022 Arizona Revised Statutes
Title 32 - Professions and Occupations
§ 32-1152.01 - Alternatives to cash deposit
Universal Citation:
AZ Rev Stat § 32-1152.01 (2022)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
32-1152.01. Alternatives to cash deposit
A. As an alternative to the cash deposit provided for in section 32-1152, subsection B, a contractor may substitute any of the following:
1. Certificates of deposit assigned to the registrar, issued by banks doing business in this state and insured by the federal deposit insurance corporation.
2. Investment certificates or share accounts assigned to the registrar and issued by a savings and loan association doing business in this state and insured by the federal deposit insurance corporation.
B. The terms and conditions surrounding each of such types of security may be prescribed by the registrar.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
