Ariz. Admin. Code § 9-9A-103

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

Section R9-9A-103 - Individuals to Act for an Applicant or a Licensee

When an applicant or a licensee is required by this Subchapter to provide information on or sign an application form or other document, the following shall satisfy the requirement on behalf of the applicant or licensee:

1. If the applicant or licensee is an individual, the individual; and

2. If the applicant or licensee is a business organization, the individual who the business organization has designated to act on the business organization's behalf for purposes of this Subchapter and who:

a. Is a U.S. citizen or legal resident;

b. Has an Arizona address; and

c. Meets one of the following, as applicable:

i. If the business organization is a partnership, is a general partner or is a limited partner who holds at least 10% of the voting rights of the partnership;

ii. If the business organization is a corporation, association, or limited liability company, is the president, the chief executive officer, the incorporator, an agent, or any individual who owns or controls at least 10% of the voting securities; or

iii. Holds a beneficial interest in 10% or more of the liabilities of the business organization.

Ariz. Admin. Code § R9-9A-103

New Section made by final expedited rulemaking at 30 A.A.R. 3657, effective 11/5/2024.