Ariz. Admin. Code § R14-4-110 - Installment Sales
A. Marginal
sales of securities will be permitted on an installment basis with
approximately 50% paid down at the time of subscription and the balance payable
within 10 months.
B. Subsection (A)
will not apply:
1. To sales of partnership
interests, or joint venture interests, the issuer having made other installment
arrangements acceptable to the Director of Securities.
2. To securities registered under the
Investment Company Act of 1940.
3.
In other unusual instances and the burden shall rest on the applicant to
justify its exclusion from said provision.
Notes
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