{"data":{"id":"us-az/a.r.s.-6-1227","jurisdiction":"us-az","citation":"A.R.S. § 6-1227","heading":"Net worth requirements; exemption","body":"A. A licensee shall maintain at all times a tangible net worth as follows:\n\n1. The greater of $100,000 or three percent of total assets for the first $100,000,000.\n\n2. Two percent of additional assets for $100,000,000 to $1,000,000,000.\n\n3. One-half percent of additional assets for over $1,000,000,000.\n\nB. Tangible net worth must be demonstrated at initial application by the applicant's most recent audited or unaudited financial statements pursuant to section 6-1209, subsection B, paragraph 6.\n\nC. The director may exempt, in part or in whole, an applicant or licensee from this section.","path":["Title 6 Banks and Financial Institutions"],"source_url":"https://www.azleg.gov/ars/6/01227.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"63b72b976fbc66a8ccc7d83242021041af1c429af903bbd3e86e221e784fa811","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-6-1226","next":"us-az/a.r.s.-6-1228"},"notice":"GroundRules: Original legal text. Not legal advice."}