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Code · Arizona · Title 20 — Infants and Incompetents

20-1029. Division of profits

35 words·~1 min read·/az/title-20/20-1029

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No profits shall accrue to an underwriter, except upon the basis of his actual investment in cash or securities, disregarding any obligation or subscription to pay in additional cash or securities at a later date.
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