The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 55th Legislature, 1st Regular Session, which convenes in January 2021.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. An appeal from an order of the superior court approving a plan shall not be effectual for any purpose, unless within thirty days after the entry of the order the appellant files with the clerk of the court a bond with a surety company authorized by law to transact business in this state as surety thereon to the effect that the appellant, in the event the order is affirmed on appeal, will pay all costs and expenses, including attorneys' fees, arising from the appeal, and also all losses and damages to the holders of accounts and shares of guaranty capital, creditors and other persons affected by the plan, arising from any delay in consummating the plan caused by the appeal. The form and amount of the bond shall be approved by the superior court, but the bond shall not be for an amount less than one per cent of the total liabilities of the association.
B. Appeals from orders approving plans shall be given preference to other appeals except contested election cases and cases in which the state is a party.