Ariz. Rev. Stat. » Title 40
Arizona Revised Statutes

Ariz. Rev. Stat. § 40-101 (2026)

Interest of commissioner or employee prohibited in corporation subject to regulation

✓ current as of May 2026
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Notwithstanding any other law, a person in the employ of, or holding an official relation to a corporation or person subject to regulation by the commission, or a person owning stocks or bonds of a corporation subject to regulation, or a person who is pecuniarily interested therein, shall not be elected, appointed to, or hold the office of commissioner or be appointed or employed by the commission. If a commissioner, or appointee or employee of the commission becomes the owner of such stocks or bonds, or becomes pecuniarily interested in such a corporation involuntarily, he shall within a reasonable time divest himself of such stocks, bonds or interest. If he fails to do so, he thereby vacates his office or employment.

Notes of Decisions
Cited in 1 case, 1999–1999 · leading case: Jennings v. Woods, 982 P.2d 274 (Ariz. 1999).
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Jennings v. Woods, 982 P.2d 274 (Ariz. 1999). · cites it 184× “West ineligible by reason of the express language of A.R.S. § 40-101: "A person in the employ of, or holding an official relation to a corporation or person subject to regulation by the commission .”
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