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AZ HB2540

Bill

Official Source

Status

Prefiled

N/A

Primary Sponsor

Christopher Mathis

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Repeals Title 30, Chapter 8 of Arizona Revised Statutes, which governs securities related to power entities.
  • Repeals Title 40, Chapter 3 of Arizona Revised Statutes, which covers public utility securities regulation.
  • Amends Section 47-9109 of the Arizona Uniform Commercial Code to remove the exemption for security interests subject to the repealed sections 30-1006 and 40-607.
  • Eliminates specific state regulatory frameworks for power and public utility securities, potentially shifting oversight to other applicable laws.

Legislative Description

Power; public utilities; securities; repeal

Full Bill Text

No bill text available