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. It is unlawful for a person to make use of the words "trust" or "trust company" or any other words in a manner reasonably calculated to convey the impression that the person is engaged in the trust business unless the act is done by or on behalf of a person having authority under this chapter or conducting subdivision trust activity pursuant to chapter 7 of this title.
B. Nothing in this section shall prohibit any existing corporation that does not have authority under this chapter from using in its name the words "trust" or "trust company" if that corporation was originally organized under the laws of the territory of Arizona and has not since the date of its original organization amended or restated its articles of incorporation to delete from its name the words "trust" or "trust company".