The proposed bill seeks to amend section 44-1801 of the Arizona Revised Statutes, specifically updating the definition of "offer to sell" or "offer for sale." Under current law, the definition encompasses a broad range of activities related to the disposition of securities, including solicitations and rights to convert securities.

The new language would clarify that an offer, including an offer to sell or offer for sale, is only considered to occur when acceptance of the offer and payment of consideration would complete the sale. This insertion aims to refine the legal understanding of what constitutes an offer in the context of securities transactions, potentially impacting how such offers are treated under the law.

Statutes affected:
Introduced Version: 44-1801