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.
In this chapter, unless the context otherwise requires:
1. "Check" means a draft that is payable on demand and drawn on a financial institution, a cashier's check or a teller's check.
2. "Draft" means an item, other than an instrument, that is an order.
3. "Drawer" means a person who signs or is identified in a draft as a person ordering payment.
4. "Financial institution" means a bank, savings and loan association or credit union that is chartered and supervised under state or federal law.
5. "Holder" means a person, including this state, who is entitled to enforce an instrument.
6. "Maker" means a person who signs or is identified in a note as a person undertaking to pay.
7. "Order" means a written instruction to pay money that is signed by the person giving the instruction. The instruction may be addressed to any person, including this state or the person giving the instruction, or to one or more persons, including this state, jointly or in the alternative but not in succession.
8. "Payee" means a person, including this state, in whose favor an instrument is drawn or made payable.