Arizona Arizona Revised Statutes
§ 6-865 — Unsafe condition; receivership
ARS § 6-865Title 6. Banks and Financial Institutions · Ch. 8. TRUST COMPANIES · Art. 1. General Provisions
Statute text
View on source6-865. Unsafe condition; receivership If the deficiency in capital has not been made good or the trust company is in an unsafe or unsound condition that is not remedied within the time prescribed under an order of the deputy director issued pursuant to section 6-137, the deputy director may apply to the superior court to be appointed receiver for the liquidation or rehabilitation of the company. The expense of such receivership shall be paid out of the assets of the trust company.