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Current as of March 08, 2022 | Updated by FindLaw Staff
A. As an alternative to the cash deposit provided for in § 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.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 32. Professions and Occupations § 32-1152.01. Alternatives to cash deposit - last updated March 08, 2022 | https://codes.findlaw.com/az/title-32-professions-and-occupations/az-rev-st-sect-32-1152-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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