Ariz. Rev. Stat. » Title 6
Arizona Revised Statutes

Ariz. Rev. Stat. § 6-422 (2026)

Types of capital; personal property

✓ current as of May 2026
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A. The capital of an association may be represented by capital notes and debentures, accounts or guaranty capital, as provided in this article and as authorized by the articles of incorporation.

B. All accounts, capital notes and debentures and guaranty capital shall be personal property in the hands of their holders, transferable as provided in this chapter and the bylaws of the association.

Notes of Decisions
Cited in 2 cases, 1963–1963 · leading case: Stowell v. Arizona Sav. & Loan Ass'n, 380 P.2d 606 (Ariz. 1963).
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Stowell v. Arizona Sav. & Loan Ass'n, 380 P.2d 606 (Ariz. 1963). · cites it 2× “§ 6-422 et seq. 1 On November 13, 1962, the trial court entered an order awarding one John E.”
United States v. Kanan, 225 F. Supp. 711 (D. Ariz. 1963). “It does not restrict the power of the court over the receiver, nor establish a different status from that of a common law receiver, cf.”
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