2019 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-3271 Petition for appointment of conservators and receivers

Universal Citation: AZ Rev Stat § 44-3271 (2019)

44-3271. Petition for appointment of conservators and receivers

If an act, practice or transaction that constitutes a violation of section 44-3151 or article 9 of this chapter is alleged in a complaint filed by this state or an 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 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 these actions 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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