Arizona § 44-1047 Fraudulent transactions by assignor; classification

Arizona Statutes

§ 44-1047 — Fraudulent transactions by assignor; classification

Arizona § 44-1047

Title 44Arizona Revised Statutes

Ch. 8TRANSACTIONS AND TRANSFERS AFFECTING THE INTEREST OF CREDITORS

Art. 3Assignments for the Benefit of Creditors

This text of Arizona § 44-1047 (Fraudulent transactions by assignor; classification) 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. § 44-1047 (2026).

Text

A.A person who makes an assignment for the benefit of creditors is guilty of a crime punishable as prescribed in subsection B, if he:

1.Secretes or conceals any property belonging to his estate, or parts with, conceals, destroys, alters, mutilates or falsifies a book, document or writing relating to such property or estate, or removes such property, book, document or writing, with intent to prevent it or any part thereof from coming into possession of the assignee or to hinder, impede or delay the assignee in recovering or receiving such property or book, document or writing.

2.Makes any payment, gift, sale, assignment, transfer or conveyance of any property belonging to his estate with intent to prevent it from coming into possession of the assignee or to hinder, impede or delay the

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A. A person who makes an assignment for the benefit of creditors is guilty of a crime punishable as prescribed in subsection B, if he:

1. Secretes or conceals any property belonging to his estate, or parts with, conceals, destroys, alters, mutilates or falsifies a book, document or writing relating to such property or estate, or removes such property, book, document or writing, with intent to prevent it or any part thereof from coming into possession of the assignee or to hinder, impede or delay the assignee in recovering or receiving such property or book, document or writing.

2. Makes any payment, gift, sale, assignment, transfer or conveyance of any property belonging to his estate with intent to prevent it from coming into possession of the assignee or to hinder, impede or delay the assignee in recovering or receiving such property.

3. Spends any property belonging to his estate in gaming.

4. Knowingly and with the intent to defraud omits from his schedule any property or effects.

5. Has knowledge or belief of a false or fictitious debt proved against his estate and fails to disclose such knowledge or belief to his assignee within one month after acquiring such knowledge or belief.

6. Attempts by fictitious losses or expenses to account for any property belonging to his estate.

7. Within three months before making the assignment for the benefit of creditors, under the false pretense of carrying on business and dealing in the ordinary course of trade, obtains on credit, with intent to defraud, goods or chattels from any person.

8. Within three months before making the assignment for the benefit of creditors, with intent to defraud his creditors, pawns, pledges or disposes of, otherwise than by ordinary transactions in due course of business, any goods or chattels obtained on credit and which are unpaid for.

9. Previous to and in contemplation of making an assignment for the benefit of creditors, transfers any property with intent or design to defraud creditors.

B. A person violating any provision of subsection A is guilty of a class 6 felony.