Arizona Laws 10-2080. Exemption from securities regulations
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The provisions of chapter 12 of title 44 shall not apply to any note, bond or other evidence of indebtedness issued by a cooperative doing business in this state pursuant to this article to the United States or any agency or instrumentality thereof, or to any mortgage, deed of trust or other instrument executed to secure such note, bond or other evidence of indebtedness, nor shall such provisions apply to the issuance of membership certificates or other evidence of member interest by a cooperative.
Terms Used In Arizona Laws 10-2080
- Cooperative: means a corporation that is organized under this article or that becomes subject to this article in the manner provided in this article. See Arizona Laws 10-2051
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Member: means , without regard to what a person is called in the articles of incorporation or bylaws, any person or persons who, pursuant to a provision of a corporation's articles of incorporation or bylaws, have the right to vote for the election of a director or directors. See Arizona Laws 10-3140
- Membership: refers to the rights and obligations a member or members have pursuant to a corporation's articles of incorporation and bylaws and chapters 24 through 40 of this title. See Arizona Laws 10-3140
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- United States: includes a district, authority, bureau, commission and department and any other agency of the United States. See Arizona Laws 10-140