Arizona § 44-2053 - Limitation on liability
Full text of Arizona Arizona Revised Statutes § 44-2053 — Limitation on liability, with citation guidance and answers to common questions.
§ 44-2053. Limitation on liability
Neither the state nor any political subdivision, nor the commission, the Arizona commerce authority, nor any state officer, agent or employee acting in good faith, except as otherwise explicitly provided by statute, shall be liable for any injury or damage to investors, exchange members, their subsidiaries, affiliates or employees or the general public resulting from any actual or opportunity losses suffered through the activities of the securities exchange. For these purposes, the term "activities" is to be construed as any actual and anticipated exchange matter.
Frequently Asked Questions About Arizona § 44-2053
What does Arizona Revised Statutes § 44-2053 cover?
Section 44-2053 ("Limitation on liability") 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 § 44-2053?
A common citation format is "Arizona Revised Statutes § 44-2053" (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 § 44-2053 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.