Arizona Laws 33-2622. Receivership in another state; ancillary proceeding
A. The court may appoint a receiver appointed in another state, or that person‘s nominee, as an ancillary receiver with respect to property located in this state or subject to the jurisdiction of the court for which a receiver could be appointed under this chapter, if:
Terms Used In Arizona Laws 33-2622
- Court: means the superior court. See Arizona Laws 33-2601
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: means an individual, estate, business or nonprofit entity, public corporation, government or governmental subdivision, agency, or instrumentality, or other legal entity. 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
- Receivership: means a proceeding in which a receiver is appointed. See Arizona Laws 33-2601
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States. See Arizona Laws 33-2601
1. The person or nominee would be eligible to serve as receiver under section 33-2606.
2. The appointment furthers the person’s possession, custody, control or disposition of property subject to the receivership in the other state.
B. The court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.
C. Unless the court orders otherwise, an ancillary receiver appointed under subsection A of this section has the rights, powers and duties of a receiver appointed under this chapter.