Can you summarize AZRS 47-4401?
This legal document governs the circumstances under which a bank may charge a customer’s account. According to the document, a bank is allowed to charge against the customer’s account for an item that is properly payable, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and complies with any agreement between the customer and the bank. However, a customer is not liable for the amount of an overdraft if they did not sign the item or benefit from its proceeds.
Can you summarize AZRS 47-4403?
This provision, found in the Arizona Revised Statutes under the Uniform Commercial Code, grants customers or authorized persons the right to stop payment of any item drawn on their account or close the account. The order to stop payment or close the account must be provided to the bank in a timely manner, allowing the bank a reasonable opportunity to act on it. If multiple signatures are required to draw on the account, any of the authorized persons may stop payment or close the account.
Can you summarize AZRS 47-4404?
A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after its date, but it may charge its customer’s account for a payment made thereafter in good faith.
Can you summarize AZRS 47-4406?
This legal document, part of the Arizona Revised Statutes, specifically falls under the Uniform Commercial Code governing bank deposits and collections. It outlines the duties and responsibilities of both banks and customers regarding the discovery and reporting of unauthorized signatures or alterations. According to the document, banks are required to provide customers with statements of account that sufficiently identify the items paid. If the items are not returned, the bank must retain them or provide legible copies for a period of seven years.
Can you summarize AZRS 5-1202?
This section of the Arizona Revised Statutes governs the offering of fantasy sports contests in the state. It states that a person must be licensed by the department as a fantasy sports contest operator to offer such contests, unless otherwise provided in this section. However, an individual may offer fantasy sports contests if certain conditions are met, including limiting the contests to not more than fifteen players and collecting not more than $10,000 in total entry fees per calendar year.
Can you summarize AZRS 5-1203?
This legal document governs the employment of individuals by fantasy sports contest operators and the procedures and controls they must adhere to. It applies specifically to fantasy sports contest operators. The document prohibits the employment of individuals who meet certain criteria, such as having been convicted of gaming offenses or certain felonies. It also requires fantasy sports contest operators to establish procedures and internal controls to prevent certain activities, such as employees sharing protected information with third parties or participants and officials in an athletic event participating in a fantasy sports contest based on the event.
Can you summarize AZRS 5-1205?
This legal document governs fantasy sports contests and applies to fantasy sports contest operators. It prohibits individuals under the age of twenty-one from participating in fantasy sports contests. Additionally, licensed operators are prohibited from allowing the use of unfair competitive advantage scripts, using false or misleading advertising, and targeting individuals who have restricted themselves from entering contests or individuals under the age of twenty-one in their promotions. The document also specifies that fantasy sports contests cannot be offered on public use kiosks or machines located in retail businesses, bars, restaurants, or other commercial establishments, except for fraternal organizations, veterans’ organizations, or licensed racetracks that may operate up to two kiosks for offering fantasy sports.
Can you summarize AZRS 5-1206?
This legal document pertains to fantasy sports contests in Arizona. It requires fantasy sports contest operators to develop procedures to inform players about available help for problem gambling. The operators must provide the statewide toll-free helpline telephone number, text message, and website information established by the department. The document also outlines requirements for allowing problem gamblers to voluntarily exclude themselves from fantasy sports contests statewide. The department is responsible for establishing a list of self-excluded persons and procedures for placement and removal from the list.
Can you summarize AZRS 5-1208?
This section of the Arizona Revised Statutes governs fantasy sports contests. It applies to licensed fantasy sports contest operators. The document outlines various requirements for licensed operators, including reporting changes to ownership information, retaining and maintaining records for at least three years, organizing records in a manner that enables provision to the department, and withholding obligations from accounts of individuals identified as owing an obligation. The document also establishes that information obtained under this section is confidential and privileged.
Can you summarize AZRS 5-1209?
This legal document governs the revocation, suspension, or denial of licenses for applicants and licensees in the context of fantasy sports contests in Arizona. The document outlines various grounds for revocation, suspension, or denial of a license, including violations of provisions, requirements, conditions, or duties imposed by law or rule, involvement in criminal activities, obtaining a license through fraud or misrepresentation, failure to disclose material facts, and failure to prove qualification for licensure.