2017 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-1061 Sale of chattels unaccompanied by change of possession as prima facie evidence of fraud against creditors and subsequent purchasers

Universal Citation: AZ Rev Stat § 44-1061 (2017)

44-1061. Sale of chattels unaccompanied by change of possession as prima facie evidence of fraud against creditors and subsequent purchasers

A. A sale made by a vendor of goods and chattels in his possession or under his control, or an assignment of goods and chattels, unless the sale or assignment is accompanied by an immediate delivery and followed by an actual and continued change of possession of the things sold or assigned, is prima facie evidence of fraud against creditors of the vendor, or creditors of the person making the assignment, or subsequent purchasers in good faith.

B. The term " creditors" includes all persons who are creditors of the vendor or assignor at any time while such goods and chattels are in his possession or under his control.

Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.