There Is a Newer Version
of
the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 20 Insurance
20-694 Stay of proceedings; reopening default judgments
Universal Citation:
AZ Rev Stat § 20-694 (through 2nd Reg Sess. 50th Leg. 2012)
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20-694. Stay of proceedings; reopening default judgments
All proceedings in which the impaired insurer or the impaired insurer's insured is a party in any court in this state shall be stayed sixty days from the date an order of liquidation, rehabilitation or conservation is final to permit proper legal action by the board on any matters germane to its powers or duties. At the request of the board and on a showing of good cause, the court may lengthen the stay prescribed in this section. As to a judgment under any decision, order, verdict or finding based on default, the board may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.
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