Arizona § 33-2606 Disqualification from appointment as a receiver; exceptions; nomination

Arizona Statutes

§ 33-2606 — Disqualification from appointment as a receiver; exceptions; nomination

Arizona § 33-2606

Title 33Arizona Revised Statutes

Ch. 24UNIFORM COMMERCIAL REAL ESTATE RECEIVERSHIP ACT

Art. 1General Provisions

This text of Arizona § 33-2606 (Disqualification from appointment as a receiver; exceptions; nomination) 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. § 33-2606 (2026).

Text

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 o

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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 section 47-9102.

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