44-2011

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.