There Is a Newer Version
of
the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 6 Banks and Financial Institutions
6-862 Trust funds
Universal Citation:
AZ Rev Stat § 6-862 (through 2nd Reg Sess. 50th Leg. 2012)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
6-862. Trust funds
All monies received by a trust company as fiduciary on trust business within this state shall be deposited in a bank or savings and loan association in this state in a specially designated account or accounts, shall not be commingled with any funds of the trust company and shall remain on deposit until disbursed or invested in accordance with powers and duties of the trust company in its capacity as such fiduciary.
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