Ariz. Rev. Stat. § 6-395.15

Current through L. 2024, ch. 202
Section 6-395.15 - Notice of taking; effect

On taking possession of the property and business of a bank, the receiver shall give notice of the taking to all persons who hold any assets of that bank. The notice required by this section is not a prerequisite to taking possession. A person who knows of the taking may not claim a lien or charge against any assets of the bank for any subsequent payment, advance or clearance or for any other subsequent liability.

A.R.S. § 6-395.15