Arizona § 32-1391.04 Prearranged funeral trust accounts; books and records; inspection and examination

Arizona Statutes

§ 32-1391.04 — Prearranged funeral trust accounts; books and records; inspection and examination

Arizona § 32-1391.04

Title 32Arizona Revised Statutes

Ch. 12FUNERAL INDUSTRY PROFESSIONALS

Art. 5Prearranged Funeral Agreements

This text of Arizona § 32-1391.04 (Prearranged funeral trust accounts; books and records; inspection and examination) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 32-1391.04 (2026).

Text

A.All funeral establishments and financial institutions, on request of the department of insurance and financial institutions, shall make their prearranged funeral trust account books and records available for inspection and examination by the department of insurance and financial institutions.

B.Each financial institution with trust funds deposited pursuant to this article shall at least quarterly send a copy to the department of insurance and financial institutions of each cancellation request or death certificate the financial institution has received that resulted in a withdrawal of funds from the trust account.

C.A financial institution does not have a legal duty to inquire about the disbursement of any trust funds deposited pursuant to this article if the financial institution h

Free access — add to your briefcase to read the full text and ask questions with AI

A. All funeral establishments and financial institutions, on request of the department of insurance and financial institutions, shall make their prearranged funeral trust account books and records available for inspection and examination by the department of insurance and financial institutions.

B. Each financial institution with trust funds deposited pursuant to this article shall at least quarterly send a copy to the department of insurance and financial institutions of each cancellation request or death certificate the financial institution has received that resulted in a withdrawal of funds from the trust account.

C. A financial institution does not have a legal duty to inquire about the disbursement of any trust funds deposited pursuant to this article if the financial institution has received the properly executed notifications or certifications required by this article.

D. A financial institution or funeral establishment operating according to the trust provisions established in this article is not considered to be in the trust business under title 6, chapter 8.