Arizona § 47-3602 Payment

Arizona Statutes

§ 47-3602 — Payment

Arizona § 47-3602

Title 47Arizona Revised Statutes

Ch. 3NEGOTIABLE INSTRUMENTS

Art. 6Discharge and Payment

This text of Arizona § 47-3602 (Payment) 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. § 47-3602 (2026).

Text

A. Subject to subsection B of this section, an instrument is paid to the extent payment is made by or on behalf of a party obliged to pay the instrument and to a person entitled to enforce the instrument. To the extent of the payment, the obligation of the party obliged to pay the instrument is discharged even though payment is made with knowledge of a claim to the instrument under section 47-3306 by another person. B. The obligation of a party to pay the instrument is not discharged under subsection A of this section if: 1. A claim to the instrument under section 47-3306 is enforceable against the party receiving payment and:

(a)Payment is made with knowledge by the payor that payment is prohibited by injunction or similar process of a court of competent jurisdiction; or

(b)In the c

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A. Subject to subsection B of this section, an instrument is paid to the extent payment is made by or on behalf of a party obliged to pay the instrument and to a person entitled to enforce the instrument. To the extent of the payment, the obligation of the party obliged to pay the instrument is discharged even though payment is made with knowledge of a claim to the instrument under section 47-3306 by another person.

B. The obligation of a party to pay the instrument is not discharged under subsection A of this section if:

1. A claim to the instrument under section 47-3306 is enforceable against the party receiving payment and:

(a) Payment is made with knowledge by the payor that payment is prohibited by injunction or similar process of a court of competent jurisdiction; or

(b) In the case of an instrument other than a cashier's check, teller's check or certified check, the party making payment accepted, from the person having a claim to the instrument, indemnity against loss resulting from refusal to pay the person entitled to enforce the instrument; or

2. The person making payment knows that the instrument is a stolen instrument and pays a person it knows is in wrongful possession of the instrument.