Arizona legislation · Fifty-seventh Legislature - Second Regular Session (2026)
Arizona HB2540: power; public utilities; securities; repeal
Status: In committee, June 13, 2026
HB2540 - power; public utilities; securities; repeal
What the bill says
An act repealing title 30, chapter 8, arizona revised statutes; repealing title 40, chapter 3, Arizona Revised Statutes; amending section 47-9109, Arizona Revised Statutes; relating to public utilities.
From the introduced text, January 15, 2026:
AN ACT repealing title 30, chapter 8, arizona revised statutes; repealing title 40, chapter 3, Arizona Revised Statutes; amending section 47-9109, Arizona Revised Statutes; relating to public utilities. (TEXT OF BILL BEGINS ON NEXT PAGE) Section 1. Repeal Title 30, chapter 8, Arizona Revised Statutes and title 40, chapter 3, Arizona Revised Statutes, are repealed. Sec. 2. Section 47-9109, Arizona Revised Statutes, is amended to read: START_STATUTE47-9109. Scope A. Except as otherwise provided in subsections C and D of this section, this chapter applies to: 1. A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; 2. An agricultural lien; 3. A sale of accounts, chattel paper, payment intangibles or promissory notes; 4. A consignment; 5. A security interest arising under section 47-2401 or 47-2505, section 47-2711, subsection C or section 47-2A508, subsection E, as provided in section 47-9110; and 6. A security interest arising under section 47-4210 or 47-5118. B. The application of this article to a security interest in a secured obligation is not affected by the fact that the obligation is itself secured by a transaction or interest to which this chapter does not apply. C. This chapter does not apply to the extent that: 1. A statute, regulation or treaty of the United States preempts this article; 2. …
Sponsors
- Mathis, Christopher (D, HD-018) · primary sponsor
Latest actions
- : Assigned to Rules
- : Introduced and first read
Common questions
- What is HB2540?
- HB2540 is a bill in the Arizona Legislature (Fifty-seventh Legislature - Second Regular Session (2026)): power; public utilities; securities; repeal.
- What does HB2540 do?
- In its own words: An act repealing title 30, chapter 8, arizona revised statutes; repealing title 40, chapter 3, Arizona Revised Statutes; amending section 47-9109, Arizona Revised Statutes; relating to public utilities.
- What is the status of HB2540?
- In committee as of June 13, 2026. Latest action: Assigned to Rules (June 13, 2026).
- Who sponsored HB2540?
- Mathis, Christopher (D, HD-018).
- Where is the official record for HB2540?
- On the Arizona Legislature website: https://apps.azleg.gov/BillStatus/BillOverview/84327/?SessionId=130
Source: official Arizona record. Tracked by Delilah, AI for legislation across all 50 states and Congress.