Arizona Revised Statutes Title 33. Property § 33-2607. Receiver's bond; alternative security

A. Except as otherwise provided in subsection B of this section, a receiver shall post with the court a bond that:

B. The court may approve the posting by a receiver with the court of alternative security, such as a letter of credit or deposit of funds. The receiver may not use receivership property as alternative security. Interest that accrues on deposited funds must be paid to the receiver on the receiver's discharge.

C. The court may authorize a receiver to act before the receiver posts the bond or alternative security required by this section.