Section R13-2-207. Restructure of an Agency

A.      A restructure of an agency occurs when there is a change in business legal status.

B.       If the restructure occurs at the time of renewal, the Department shall waive the restructure fee.

C.      If the restructure occurs at any time other than time of renewal, the agency shall pay the restructure fee. An application for restructure shall be submitted for the qualifying party and any new associates. Any new associates shall register and meet the requirements under A.R.S. § 32-2441.

D.      To change a sole proprietorship to a partnership, the applicant shall provide a partnership agreement with notarized signa- tures of the partners.

E.       To change a corporation to a partnership, the applicant shall provide documentation of the dissolving of the corporation and a partnership agreement with notarized signatures of the partners.

F.       To change a sole proprietorship or partnership to a corporation the applicant shall provide the Articles of Incorporation bear- ing the approval stamp of the Arizona Corporation Commis- sion. If the change is to a foreign corporation, the applicant shall submit documentation of Arizona Corporation Commis- sion approval for the foreign corporation to transact business in Arizona.

G.      To change a partnership to a sole proprietorship, the applicant shall provide documentation of the dissolving of the partner- ship.

Historical Note

New Section made by final rulemaking at 10 A.A.R.

5190, effective February 5, 2005 (Supp. 04-4).