Arizona § 40-615 Obligations of successor to applicant

Arizona Statutes

§ 40-615 — Obligations of successor to applicant

Arizona § 40-615

Title 40Arizona Revised Statutes

Ch. 3UTILITY SECURITIZATION

Art. 1General Provisions

This text of Arizona § 40-615 (Obligations of successor to applicant) 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. § 40-615 (2026).

Text

Any successor to an applicant, whether pursuant to any bankruptcy, reorganization or other insolvency proceeding or pursuant to any merger or acquisition, sale or transfer or other business combination by operation of law, agreement of the applicant or otherwise, shall perform and satisfy all obligations of and have the same rights and obligations under this chapter or any financing order as the applicant in the same manner and to the same extent as the applicant, including acting as a servicer and collecting and paying to the person entitled to receive the financing charges and financing revenues.

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Any successor to an applicant, whether pursuant to any bankruptcy, reorganization or other insolvency proceeding or pursuant to any merger or acquisition, sale or transfer or other business combination by operation of law, agreement of the applicant or otherwise, shall perform and satisfy all obligations of and have the same rights and obligations under this chapter or any financing order as the applicant in the same manner and to the same extent as the applicant, including acting as a servicer and collecting and paying to the person entitled to receive the financing charges and financing revenues.