Arizona Code § 6-395.12

Payment of claims and distribution to stockholders on liquidation
Open in Lexace · Ask the AI about this section
6-395.12. Payment of claims and distribution to stockholders on liquidation
From time to time after full provision has been made for the payment of disputed claims and claims having priority, the receiver shall make ratable distribution on all claims that have been proved to his satisfaction or adjudicated in a court of competent jurisdiction. After all claims have been finally settled and paid, the balance of the assets shall be distributed to the stockholders of the bank in proportion to the stock by them respectively held.

‹ Prev All Arizona sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.