Arizona Laws 12-1592. Obedience of garnishee to judgment as bar
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It shall be a sufficient answer to any claim of the judgment debtor against the garnishee founded on any indebtedness of the garnishee, or on the possession by him of any property, or if the garnishee is a corporation in which the judgment debtor was the owner of shares of stock or other interest in the corporation, for the garnishee to show that the indebtedness has been paid, that the property has been delivered or that the shares of stock or other interest has been sold under judgment of the court in accordance with the provisions of this article.
Terms Used In Arizona Laws 12-1592
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Judgment debtor: means a person or entity against which a money judgment has been awarded or against which an order for support of a person is due and unpaid or against which an order pursuant to chapter 14 of this title has been entered. See Arizona Laws 12-1570
- Property: includes both real and personal property. See Arizona Laws 1-215