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.
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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.
33-2622 - Receivership in another state; ancillary proceeding
33-2622. Receivership in another state; ancillary proceeding
A. The court may appoint a receiver appointed in another state, or that person's nominee, as an ancillary receiver with respect to property located in this state or subject to the jurisdiction of the court for which a receiver could be appointed under this chapter, if:
1. The person or nominee would be eligible to serve as receiver under section 33-2606.
2. The appointment furthers the person's possession, custody, control or disposition of property subject to the receivership in the other state.
B. The court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.
C. Unless the court orders otherwise, an ancillary receiver appointed under subsection A of this section has the rights, powers and duties of a receiver appointed under this chapter.