2019 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-2011 Petition for appointment of conservator or receiver

Universal Citation: AZ Rev Stat § 44-2011 (2019)

44-2011. Petition for appointment of conservator or receiver

If an act, practice or transaction constituting a violation of section 44-1841 or 44-1842 or article 13 of this chapter is alleged in a complaint filed by this state or any agency of this state, the commission may petition the superior court in Maricopa county for the appointment of a conservator to reorganize the affairs of, or a receiver to wind up the affairs of, the violator. The commission may also transmit any evidence it has available concerning the act, practice or transaction to the attorney general. On receipt of the evidence, the attorney general may petition the superior court in Maricopa County for the appointment of a conservator to reorganize the affairs of, or a receiver to wind up the affairs of, the violator. Process in actions filed pursuant to this section may be served on the defendant in any county in this state in which the defendant transacts business or is found.

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