State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title6 > 6-395.14

6-395.14. Voidable transactions

A transaction that occurs within six months of the date on which the superintendent takes possession of a bank is voidable by the receiver if the transaction has the effect of enabling a creditor, affiliate, officer, director, stockholder or employee, or a relative of any of those persons, to obtain a preference over any other creditor of the bank.