6-838 - Arizona Statutes

6-838. Surrender of license A licensee that desires to surrender its license shall file with the superintendent a certified copy of the resolution of its board of directors or a verified statement of intent signifying this desire, and thereafter shall not accept additional escrow business. Upon receipt of the resolution or statement of intent, the superintendent shall make an investigation, and if he determines that the licensee has been discharged from all duties which it has undertaken as an escrow agent, he shall issue an order to the licensee certifying that it is no longer authorized to exercise the powers of an escrow agent and the licensee shall immediately surrender its license.