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2023 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-1045 - Distribution to creditors; compensation and expenses allowed assignee
Universal Citation:
AZ Rev Stat § 44-1045 (2023)
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44-1045. Distribution to creditors; compensation and expenses allowed assignee
A. When an assignee has in his possession funds of the estate of the assignor in an amount sufficient to pay ten per cent of the indebtedness of the assignor, he shall make a pro rata distribution of the funds among the creditors.
B. The assignee shall receive reasonable compensation for his services and the necessary costs and expenses, including attorney's fees, of administering the assigned estate, to be allowed by the superior court.
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