Arizona § 33-2607 Receiver's bond; alternative security

Arizona Statutes

§ 33-2607 — Receiver's bond; alternative security

Arizona § 33-2607

Title 33Arizona Revised Statutes

Ch. 24UNIFORM COMMERCIAL REAL ESTATE RECEIVERSHIP ACT

Art. 1General Provisions

This text of Arizona § 33-2607 (Receiver's bond; alternative security) 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. § 33-2607 (2026).

Text

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

1.Is conditioned on the faithful discharge of the receiver’s duties.

2.Has one or more sureties approved by the court.

3.Is in an amount the court specifies.

4.Is effective as of the date of the receiver's appointment.

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.

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

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

1. Is conditioned on the faithful discharge of the receiver’s duties.

2. Has one or more sureties approved by the court.

3. Is in an amount the court specifies.

4. Is effective as of the date of the receiver's appointment.

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.