Ariz. Admin. Code § 9-17-301

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

Section R9-17-301 - Principal Officers and Board Members

A. For the purposes of this Chapter, in addition to the individual or individuals identified in the dispensary's by-laws or other organizational governing documents as principal officers of the dispensary, if applicable, the following individuals are considered principal officers:

1. If a corporation is applying for a dispensary registration certificate, two individuals who are officers of the corporation, including, but not limited to, the president or chief executive officer and those individuals serving in the positions of secretary and treasurer;

2. If a partnership is applying for a dispensary registration certificate, all individuals who are general partners and the principal officers of any entity general partner;

3. If a limited liability company is applying for a dispensary registration certificate, all managers of a manager-managed limited liability company, all members of a member-managed limited liability company, and the principal officers of an entity manager or member;

4. If an association or cooperative is applying for a dispensary registration certificate, the chief executive officer, executive director, or other comparable leader of the association or cooperative;

and

5. If a business organization type other than those described in subsections (A)(1) through (4) is applying for a dispensary registration certificate, two individuals who occupy the top leadership positions of the business organization.

B. For purposes of this Chapter, in addition to the individual or individuals identified in the dispensary's by-laws or other organizational governing documents as board members of the dispensary, if applicable, the following individuals are considered board members:

1. If a corporation is applying for a dispensary registration certificate, the members of the board of directors of the corporation;

2. If a partnership is applying for a dispensary registration certificate, the partners who are not limited partners;

3. If a limited liability company is applying for a dispensary registration certificate, the principal officers of the limited liability company;

4. If an association or cooperative is applying for a dispensary registration certificate, the principal officers of the association or cooperative;

and

5. If a business organization type other than the types of business organizations in subsections (B)(1) through (4), the principal officers of the business organization.

Ariz. Admin. Code § R9-17-301

New Section made by exempt rulemaking at 17 A.A.R. 734, effective April 14, 2011 (Supp. 11-2). Amended by final exempt rulemaking at 27 A.A.R. 111, effective 1/15/2021. Amended by exempt rulemaking at 27 A.A.R. 747, effective 5/3/2021.