Arizona Statutes
§ 20-645 — Judgment upon assessment
Arizona·Title 20 Arizona Revised Statutes·Ch. 3 FINANCIAL PROVISIONS AND PROCEDURES·Art. 4 Rehabilitation and Liquidation
A.Upon the return day of the order to show cause provided for in section 20-643, if the member or subscriber does not appear and serve duly verified objections upon the receiver, the court shall make an order adjudging that the member or subscriber is liable for the amount of the assessment against him, together with costs, and that the receiver may have judgment against the member or subscriber therefor.
B.If, on such return day, the member or subscriber appears and serves duly verified objections upon the receiver, there shall be a full hearing before the court which, after the hearing, shall make such order as the facts warrant.
C.Any such order shall have the same force and effect, shall be entered and docketed and may be appealed from, as if it were a judgment in an original acti
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Nearby Sections
15
§ 20-1001
Definitions§ 20-1004
Issuance of certificate of authority§ 20-1005
Deposit requirement; exception§ 20-1006
Reserve requirement; exception§ 20-1009
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Deputy director§ 20-1010
Taxes§ 20-1011
Operational expenses§ 20-1012
Prohibited practices