Except as otherwise provided by law, property that a receiver or owner acquires after appointment of the receiver is subject to a security agreement entered into before the appointment to the same extent as if the court had not appointed the receiver.

Terms Used In Arizona Laws 33-2609

  • Court: means the superior court. See Arizona Laws 33-2601
  • Owner: means the person for whose property a receiver is appointed. See Arizona Laws 33-2601
  • Property: means all of a person's right, title and interest, both legal and equitable, in real and personal property, tangible and intangible, wherever located and however acquired. See Arizona Laws 33-2601
  • Receiver: means a person who is appointed by the court as the court's agent and, subject to the court's direction, to take possession of, manage, and, if authorized by this chapter or court order, transfer, sell, lease, license, exchange, collect or otherwise dispose of receivership property. See Arizona Laws 33-2601
  • Security agreement: means an agreement that creates or provides for a lien. See Arizona Laws 33-2601
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