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Arizona Revised Statutes Title 32. Professions and Occupations § 32-1127. Qualifying party; responsibility

Current as of January 01, 2025 | Updated by Findlaw Staff

A. While engaged as a qualifying party for a licensee, the qualifying party may not take other employment that would conflict with the person's duties as qualifying party or conflict with the person's ability to adequately supervise the work performed by the licensee. Such person may act in the capacity of the qualifying party for one additional licensee if one of the following conditions exists:

1. There is a common ownership of at least twenty-five percent of each licensed entity for which the person acts in a qualifying capacity.

2. One licensee is a subsidiary of another licensee for which the same person acts in a qualifying capacity. For the purposes of this paragraph, “subsidiary” means a corporation of which at least twenty-five percent is owned by the other licensee.

B. While engaged as the qualifying party for a licensee, the qualifying party is responsible for any violation of this chapter by the licensee for licensure regulatory purposes under this chapter. This subsection does not impose personal liability on the qualifying party for a licensee's violation of this chapter.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 32. Professions and Occupations § 32-1127. Qualifying party; responsibility - last updated January 01, 2025 | https://codes.findlaw.com/az/title-32-professions-and-occupations/az-rev-st-sect-32-1127/

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