Arizona § 44-333
Full text of Arizona Arizona Revised Statutes § 44-333, with citation guidance and answers to common questions.
§ 44-333.
A. The department shall not require interest or a penalty on unclaimed property demanded as a deficiency if either:
1. The deficiency is directly attributable to erroneous written advice furnished to the holder by an employee of the department acting in an official capacity in response to a specific request from the holder and not from the holder’s failure to provide adequate or accurate information.
2. All of the following are true:
(a) An unclaimed property report or comparable document or unclaimed property ruling prepared by the department contains a statement that, if followed by a holder, would cause the holder to misapply this title.
(b) The holder reasonably relies on the statement.
(c) The holder’s underpayment directly results from this reliance.
B. Each employee of the department, at the time any oral advice is given to any person, shall inform the person that the department is not bound by that oral advice.
C. For purposes of this section:
1. "Unclaimed property report" includes the instructions that the department prepares for use with the unclaimed property report or comparable document.
2. "Unclaimed property ruling" means a statement issued by the director and denominated as an unclaimed property ruling or an unclaimed property procedure.
Frequently Asked Questions About Arizona § 44-333
What does Arizona Revised Statutes § 44-333 cover?
Section 44-333 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 § 44-333?
A common citation format is "Arizona Revised Statutes § 44-333" (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 § 44-333 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.