Ariz. Admin. Code § R14-4-113 - Impound Dates - Application to Extend
A period of one year from the date of effective registration of securities by an issuer shall ordinarily be the maximum time allowed to such issuer to obtain the funds necessary to finance the proposed enterprise outlined in the issuer's prospectus. The request of any issuer seeking a longer period of time will be looked upon with disfavor.
Notes
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