Arizona Arizona Revised Statutes

§ 6-164 — Attorney fees and expenses

ARS § 6-164Title 6. Banks and Financial Institutions · Ch. 1. FINANCIAL INSTITUTIONS DIVISION · Art. 5. Proceedings for Officer Removal

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6-164. Attorney fees and expenses In any proceeding instituted under this article in which a director or officer is a party, and if the deputy director or court allows such party reasonable expenses and attorney fees, the deputy director or the court may provide that such expenses and fees shall be paid by the financial institution or enterprise from its assets with priority as an expense of administration in receivership.