44-1733. Sale or contract for sale of interest in pyramid promotional scheme voidable
88 words·~1 min read·
/az/title-44/44-1733A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any purchaser in a pyramid promotional scheme may, notwithstanding any agreement to the contrary, declare the related sale or contract for sale void, and he may bring an action in a court of competent jurisdiction to recover the consideration he paid to participate in the scheme. In such action the court shall, in addition to any judgment awarded to the plaintiff, require the defendant to pay interest, reasonable attorneys' fees and the costs of the action, less any money paid to the plaintiff as profit in the transaction.