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Arizona Arizona Revised Statutes

§ 6-395.14 — Voidable transactions

ARS § 6-395.14Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 13. Liquidation and Dissolution

Statute text

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6-395.14. Voidable transactions A transaction that occurs within six months after the date on which the deputy director takes possession of a bank is voidable by the receiver if the transaction has the effect of enabling a creditor, affiliate, officer, director, stockholder or employee, or a relative of any of those persons, to obtain a preference over any other creditor of the bank.

Source: Arizona Arizona Revised Statutes § 6-395.14 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.