Arizona § 41-2542 - Bid and contract security
Full text of Arizona Arizona Revised Statutes § 41-2542 — Bid and contract security, with citation guidance and answers to common questions.
§ 41-2542. Bid and contract security
The director may require, in accordance with rules adopted by the director, the submission of security to guarantee faithful bid and contract performance. In determining the amount and type of security required for each contract, the director shall consider the nature of the performance and the need for future protection to this state. The requirement for security must be included in the invitation for bids or request for proposals.
Frequently Asked Questions About Arizona § 41-2542
What does Arizona Revised Statutes § 41-2542 cover?
Section 41-2542 ("Bid and contract security") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 41-2542?
A common citation format is "Arizona Revised Statutes § 41-2542" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 41-2542 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.