Ariz. Admin. Code § 12-5-406

Current through Register Vol. 30, No. 50, December 13, 2024

Section R12-5-406 - Assignment of a Certificate of Purchase

A. The transfer of a Certificate of Purchase will be made only upon the filing of an "Application to Assign and Assumption of Certificate of Purchase" form which will be supplied by this Department.

B. An application to assign and assumption of a Certificate of Purchase will not be approved:

1. When the annual payments are found to be in arrears.

2. When taxes are found to be in arrears.

3. When the release or satisfaction of a lien or mortgage filed with the Department has not been submitted with said application.

4. When affidavit of citizenship in the United States and/or statement of authorization to do business in the state of Arizona has not been submitted with said application.

C. No portion, less than all of the lands covered in a Certificate of Purchase, can be assigned.

Ariz. Admin. Code § R12-5-406

Original rule, Subchapter C, Ch. II (Supp. 76-4). Section R12-5-406 renumbered from Section R12-5-76 (Supp. 93-3).