Skip to main content
Find a Lawyer

Arizona Revised Statutes Title 33. Property § 33-2606. Disqualification from appointment as a receiver; exceptions; nomination

Current as of January 01, 2025 | Updated by Findlaw Staff

A. The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified.

B. Except as otherwise provided in subsection C of this section, a person is disqualified from appointment as receiver if the person:

1. Is an affiliate of a party.

2. Has an interest materially adverse to an interest of a party.

3. Has a material financial interest in the outcome of the action, other than compensation the court may allow the receiver.

4. Has a debtor-creditor relationship with a party.

5. Holds an equity interest in a party, other than a noncontrolling interest in a publicly traded company.

C. A person is not disqualified from appointment as receiver solely because the person:

1. Was appointed receiver or is owed compensation in an unrelated matter involving a party or was engaged by a party in a matter unrelated to the receivership.

2. Is an individual obligated to a party on a debt that is not in default and was incurred primarily for personal, family or household purposes.

3. Maintains with a party a deposit account as defined in § 47-9102.

D. A person seeking the appointment of a receiver may nominate a person to serve as receiver.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arizona Revised Statutes Title 33. Property § 33-2606. Disqualification from appointment as a receiver; exceptions; nomination - last updated January 01, 2025 | https://codes.findlaw.com/az/title-33-property/az-rev-st-sect-33-2606/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard