44-1213. Issuance of get rich quick contract prohibited; classification
63 words·~1 min read·
/az/title-44/44-1213A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A person is guilty of a class 2 misdemeanor who issues any contract:
1. Providing for its redemption or fulfillment from contributions made by subscribers to or holders of other similar contracts.
2. Providing for payment of money or giving any consideration greater in value than the amount paid in upon such contracts, together with the actual net earnings accrued and accumulated thereon.