The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
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. Except as otherwise provided in subsection D of this section or ordered by the court, an order appointing a receiver operates as a stay, applicable to all persons, of an act, action or proceeding:
1. To obtain possession of, exercise control over or enforce a judgment against receivership property.
2. To enforce a lien against receivership property to the extent the lien secures a claim against the owner that arose before entry of the order.
B. Except as otherwise provided in subsection D of this section, the court may enjoin an act, action or proceeding against or relating to receivership property if the injunction is necessary to protect the property or facilitate administration of the receivership.
C. A person whose act, action or proceeding is stayed or enjoined under this section may apply to the court for relief from the stay or injunction for cause.
D. An order under subsection A or B of section does not operate as a stay or injunction of:
1. An act, action or proceeding to foreclose or otherwise enforce a mortgage by the person seeking appointment of the receiver.
2. An act, action or proceeding to perfect, or maintain or continue the perfection of, an interest in receivership property.
3. Commencement or continuation of a criminal proceeding.
4. Commencement or continuation of an action or proceeding, or enforcement of a judgment other than a money judgment in an action or proceeding, by a governmental unit to enforce its police or regulatory power.
5. Establishment by a governmental unit of a tax liability against the owner or receivership property or an appeal of the liability.
E. The court may void an act that violates a stay or injunction under this section.
F. If a person knowingly violates a stay or injunction under this section, the court may:
1. Award actual damages caused by the violation, reasonable attorney's fees and costs.