Arizona Laws > Title 6 > Chapter 3 – Savings and Loan Associations

		Sections
Article 1	General Provisions	6-401 – 6-406
Article 2	Formation and Licensing	6-407 – 6-413
Article 3	Membership and Management	6-414 – 6-421
Article 4	Capital	6-422 – 6-444
Article 5	Investments and Powers	6-446 – 6-458
Article 6	Voluntary Corporate Changes	6-459 – 6-466
Article 7	Voluntary Liquidation	6-467 – 6-472
Article 8	Supervision	6-474 – 6-484
Article 9	Rehabilitation and Reorganization	6-486 – 6-494
Article 10	Miscellaneous Provisions	6-495 – 6-497

Terms Used In Arizona Laws > Title 6 > Chapter 3 - Savings and Loan Associations

Accessible electronic file: means , until a national file format is adopted by the United States department of education, a digital file in a mutually agreed on by the publisher and the local educational agency electronic file format that has been prepared using a markup language that maintains the structural integrity of the information and can be processed by conversion software. See Arizona Laws 15-731
Accommodation school: means either:
(a) A school that is operated through the county board of supervisors and the county school superintendent and that the county school superintendent administers to serve a military reservation or territory that is not included within the boundaries of a school district. See Arizona Laws 15-101
Account: means withdrawable capital deposited with or invested in an association in accordance with any plan authorized by this chapter unless such term is otherwise designated or qualified. See Arizona Laws 6-401
Account: means an arrangement under a terms-of-service agreement in which a custodian carries, maintains, processes, receives or stores a digital asset of the user or provides goods or services to the user. See Arizona Laws 14-13102
Account: means a contract of deposit between a depositor and a financial institution and includes a checking account, savings account, certificate of deposit and share account. See Arizona Laws 14-6201
Accounting period: means a calendar year unless another twelve month period is selected by a fiduciary and includes a portion of a calendar year or other twelve month period that begins when an income interest begins or ends when an income interest ends. See Arizona Laws 14-7401
Administrator: means any school district administrator except a school principal who devotes at least fifty percent of the principal's time to classroom teaching. See Arizona Laws 15-501
Adult: means an individual who is at least eighteen years of age. See Arizona Laws 14-12102
Adult: means an individual with a disability who is at least eighteen years of age. See Arizona Laws 14-5721
Adult: means a person who is at least twenty-one years of age. See Arizona Laws 14-7651
Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
Agent: includes an attorney-in-fact under a durable or nondurable power of attorney, a person who is authorized to make decisions concerning another person's health care and a person who is authorized to make decisions for another person under a natural death act. See Arizona Laws 14-1201
Agent: means an attorney-in-fact granted authority under a durable or nondurable power of attorney. See Arizona Laws 14-13102
Agent: means a person who is authorized to make account transactions for a party. See Arizona Laws 14-6201
Aggregate withdrawal value: means the sum of all payments made on all accounts of the association, all dividends and bonuses credited or allocated to such accounts and all dividends credited to "divided profits" for subsequent crediting to accounts on maturity, less all withdrawals, retirements and other proper deductions from accounts and all unpaid charges on the accounts. See Arizona Laws 6-401
Allegation: something that someone says happened.
Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Amortization: Paying off a loan by regular installments.
Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Application: means a written request to the registrar for an order of informal probate or appointment under chapter 3, article 3 of this title. See Arizona Laws 14-1201
Appraisal: A determination of property value.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Associate director: means the associate director of the division. See Arizona Laws 3-1201
Association: means every association to which this chapter applies as defined in the section concerning scope of chapter. See Arizona Laws 6-401
Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
Authorized entity: means an authorized entity, as defined by 17 United States Code § 121, that commonly provides alternative format school materials that are accessible by schools in this state and that has the vendor's authorization to make alternative formats. See Arizona Laws 15-731
Autism: means a developmental disability that significantly affects verbal and nonverbal communication and social interaction and that adversely affects educational performance. See Arizona Laws 15-761
Automated teller machine: means an automated device that is established by a bank, savings and loan association or credit union and that facilitates customer-bank communications activities, including taking deposits and disbursing cash drawn against a customer's deposit account or a customer's preapproved loan account, at a location separate from the home office or a branch. See Arizona Laws 6-101
Average daily membership: means the total enrollment of fractional students and full-time students, minus withdrawals, of each school day through the first one hundred days or two hundred days in session, as applicable, for the current year. See Arizona Laws 15-901
Bank: means a corporation that holds a banking permit issued pursuant to chapter 2 of this title. See Arizona Laws 6-101
Bank: includes commercial banks, savings banks, trust companies, and any person or association of persons, whether incorporated or not, carrying on the business of banking. See Arizona Laws 14-7501
Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
Base: means the revenue level per student count specified by the legislature. See Arizona Laws 15-901
Base level: means the following amounts plus the percentage increase to the base level as provided in Section 15-902. See Arizona Laws 15-901
Base revenue control limit: means the base revenue control limit computed as provided in section 15-944. See Arizona Laws 15-901
Base support level: means the base support level as provided in section 15-943. See Arizona Laws 15-901
Basis for compensation: means an hourly rate, a fixed fee or a contingency fee agreement and reimbursable costs. See Arizona Laws 14-1201
Beef: includes veal. See Arizona Laws 3-1231
Beef products: includes veal products. See Arizona Laws 3-1231
Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Beneficiary: means a person who either:
(a) Has a present or future beneficial interest in a trust, vested or contingent. See Arizona Laws 14-10103
Beneficiary: means a person to whom sums on deposit in an account are payable on request after the death of all parties or for whom a party is named as a trustee. See Arizona Laws 14-6201
Beneficiary: means an individual for whom property has been transferred to, or held under a declaration of trust by, a custodial trustee for the individual's use and benefit under this chapter. See Arizona Laws 14-9101
Beneficiary: includes , in the case of a decedent's estate, an heir, legatee and devisee and, in the case of a trust, an income beneficiary and a remainder beneficiary. See Arizona Laws 14-7401
Beneficiary designation: refers to a governing instrument naming a beneficiary of an insurance or annuity policy, of an account with pay on death designation, of a security registered in beneficiary form or of a pension, profit sharing, retirement or similar benefit plan, or any other nonprobate transfer at death. See Arizona Laws 14-1201
Beneficiary form: means a registration of a security that indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security on the owner's death. See Arizona Laws 14-6301
Bequest: Property gifted by will.
Board examination system: means a complete instructional system that includes all of the following components:
(a) A coherent group of courses that collectively constitutes a core curriculum at the high school level. See Arizona Laws 15-792.01
Branch: means any banking office other than the principal banking office. See Arizona Laws 6-101
Broker: means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others. See Arizona Laws 14-7651
Budget year: means the fiscal year for which the school district is budgeting and that immediately follows the current year. See Arizona Laws 15-901
Career and technical education and vocational education: means vocational and technical preparation programs for pupils in grades nine through twelve. See Arizona Laws 15-781
Career technical education board: means a career technical education district governing board. See Arizona Laws 15-391
Career technical education course: means a course that is offered by a career technical education district as part of a career technical education district program, that is approved by the career and technical education division of the department of education and that meets each of the following requirements:
(a) Is taught by an instructor who is certified to teach career and technical education by the state board of education or by a postsecondary educational institution. See Arizona Laws 15-391
Career technical education district: means a district that is formed pursuant to this article and that offers career technical education courses. See Arizona Laws 15-391
Career technical education district program: means a sequence of courses that is offered by a career technical education district and that meets all of the following requirements:
(a) Is taught by an instructor who is certified to teach career and technical education by the state board of education or by a postsecondary educational institution. See Arizona Laws 15-391
Carries: means engages in the transmission of an electronic communication. See Arizona Laws 14-13102
Catalogue of electronic communications: means information that identifies each person with which a user has had an electronic communication, the time and date of the communication and the electronic address of the person. See Arizona Laws 14-13102
Cease and desist order: means an administrative order provided by law restraining the sale, use, disposition and movement of a definite amount of seed. See Arizona Laws 3-231
Certificated teacher: means a person who holds a certificate from the state board of education to work in the schools of this state and who is employed under contract in a school district in a position that requires certification except a psychologist or an administrator who devotes at least fifty percent of the person's time to classroom teaching. See Arizona Laws 15-501
Certified teacher: means a person who is certified as a teacher pursuant to the rules adopted by the state board of education, who renders direct and personal services to schoolchildren in the form of instruction related to the school district's educational course of study and who is paid from the maintenance and operation section of the budget. See Arizona Laws 15-901
Chambers: A judge's office.
Charitable trust: means a trust, or portion of a trust, created for a charitable purpose described in section 14-10405, subsection A. See Arizona Laws 14-10103
Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
Charter holder: means a person that enters into a charter with the state board for charter schools. See Arizona Laws 15-101
Charter school: means a public school established by contract with the state board of education, the state board for charter schools, a university under the jurisdiction of the Arizona board of regents, a community college district or a group of community college districts pursuant to article 8 of this chapter to provide learning that will improve pupil achievement. See Arizona Laws 15-101
Child: includes a person who is entitled to take as a child under this title by intestate succession from the parent whose relationship is involved. See Arizona Laws 14-1201
Child with a disability: means a child with a disability as defined in section 15-761. See Arizona Laws 15-101
Child with a disability: means a pupil who is subject to an individualized education program pursuant to the individuals with disabilities education act (20 United States Code §§ 1400 through 1415) or a pupil with a section 504 plan, and whose section 504 accommodation plan requires the use of instructional materials in a specialized format. See Arizona Laws 15-731
Codicil: An addition, change, or supplement to a will executed with the same formalities required for the will itself.
Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
Common school district: means a political subdivision of this state offering instruction to students in programs for preschool children with disabilities and kindergarten programs and either:
(a) Grades one through eight. See Arizona Laws 15-901
Community: means a city, incorporated town, unincorporated town, community or village. See Arizona Laws 6-401
Community property: means that property of a husband and wife that is acquired during the marriage and that is community property as prescribed in section 25-211. See Arizona Laws 14-1201
Competency: means a demonstrated ability in a skill at a specified performance level. See Arizona Laws 15-101
Conservator: means a person who is appointed by a court to manage the estate of a protected person. See Arizona Laws 14-1201
Conservator: means a person appointed by the court to administer the estate of a minor or an adult. See Arizona Laws 14-10103
Conservator: means a person appointed by the court to manage the estate of an adult protected person, including a person appointed under chapter 5 of this title. See Arizona Laws 14-12102
Conservator: means a person appointed by a court to manage the estate of a living individual and includes a limited conservator and a fiduciary as defined in section 14-5651, subsection K. See Arizona Laws 14-13102
Conservator: means a person appointed or qualified by a court to act as a general, limited or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions. See Arizona Laws 14-7651
Contact: includes in-person contact, written communication and all forms of electronic communications. See Arizona Laws 14-5101
Contact order: means an order allowing contact between a ward and a person with a significant relationship to the ward. See Arizona Laws 14-5101
Content of an electronic communication: means information concerning the substance or meaning of the communication that meets all of the following requirements:
(a) Has been sent or received by a user. See Arizona Laws 14-13102
Continuance: Putting off of a hearing ot trial until a later time.
Continuing association: means the association that continues to exist after a merger of associations has been effected. See Arizona Laws 6-401
Council: means the Arizona beef council. See Arizona Laws 3-1231
Course: means organized subject matter in which instruction is offered within a given period of time and for which credit toward promotion, graduation or certification is usually given. See Arizona Laws 15-101
Course of study: means a list of required and optional subjects to be taught in the schools. See Arizona Laws 15-101
Court: means the superior court. See Arizona Laws 14-1201
Court: means the superior court. See Arizona Laws 14-13102
Court: means the superior court. See Arizona Laws 14-7651
court in this state: means the superior court. See Arizona Laws 14-12102
Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. ^{Source: OCC}
Current year: means the fiscal year in which a school district is operating. See Arizona Laws 15-901
Custodial property: means an interest in property that is transferred to a custodian pursuant to this article and income from and proceeds of that interest in property. See Arizona Laws 14-7651
Custodial trust property: means an interest in property transferred to or held under a declaration of trust by a custodial trustee under this chapter and the income from and proceeds of that interest. See Arizona Laws 14-9101
Custodial trustee: means a person who is designated as trustee of a custodial trust under this chapter or a substitute or successor to the person designated. See Arizona Laws 14-9101
Custodian: means a person that carries, maintains, processes, receives or stores a digital asset of a user. See Arizona Laws 14-13102
Custodian: means a person designated pursuant to section 14-7659 or a successor or substitute custodian designated pursuant to section 14-7668. See Arizona Laws 14-7651
Daily attendance: means :
(a) For common schools, days in which a pupil:
(i) Of a kindergarten program or ungraded, but not group B children with disabilities, who is at least five, but under six, years of age by September 1 attends at least three-quarters of the instructional time scheduled for the day. See Arizona Laws 15-901
Daily route mileage: means the sum of:
(a) The total number of miles driven daily by all buses of a school district while transporting eligible students from their residence to the school of attendance and from the school of attendance to their residence on scheduled routes approved by the superintendent of public instruction. See Arizona Laws 15-901
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Daytime: means the period between sunrise and sunset. See Arizona Laws 1-215
Dealer: means any person who sells seed. See Arizona Laws 3-231
Decedent: A deceased person.
Deed: The legal instrument used to transfer title in real property from one person to another.
Dependent: A person dependent for support upon another.
Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
Deputy director: means the deputy director of the financial institutions division of the department. See Arizona Laws 6-101
Descendant: means all of the decedent's descendants of all generations, with the relationship of parent and child at each generation. See Arizona Laws 14-1201
Designated recipient: means a person chosen by a user using an online tool to administer digital assets of the user. See Arizona Laws 14-13102
Developmental delay: means performance by a child who is at least three years of age but under ten years of age on a norm-referenced test that measures at least one and one-half, but not more than three, standard deviations below the mean for children of the same chronological age in two or more of the following areas:
(a) Cognitive development. See Arizona Laws 15-761
Devise: To gift property by will.
Devisee: means a person designated in a will to receive a devise. See Arizona Laws 14-1201
Digital asset: means an electronic record in which an individual has a right or interest. See Arizona Laws 14-13102
Disability: means cause for a protective order as described in section 14-5401. See Arizona Laws 14-1201
Disability: means a physical or mental impairment that substantially limits one or more major life activities, as defined in section 41-1492. See Arizona Laws 14-5721
Disclaimant: means the person to whom a disclaimed interest or power would have passed had the disclaimer not been made. See Arizona Laws 14-10002
Disclaimed interest: means the interest that would have passed to the disclaimant had the disclaimer not been made. See Arizona Laws 14-10002
Disclaimer: means the refusal to accept an interest in or power over property. See Arizona Laws 14-10002
Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
Distributee: means a person who receives property from a trust other than as a creditor or purchaser. See Arizona Laws 14-10103
Distributee: means any person who has received property of a decedent from that person's personal representative other than as a creditor or purchaser. See Arizona Laws 14-1201
District support level: means the base support level plus the transportation support level. See Arizona Laws 15-901
Division: means the animal services division of the Arizona department of agriculture. See Arizona Laws 3-1201
Division: means the environmental services division of the Arizona department of agriculture. See Arizona Laws 3-231
Division: means the financial institutions division within the department. See Arizona Laws 6-101
Documentary proof: means written evidence that a pupil has been immunized or has laboratory evidence of immunity that conforms with the standards promulgated pursuant to section 15-872. See Arizona Laws 15-871
Donee: The recipient of a gift.
Donor: The person who makes a gift.
Dose: means the number in a series of immunizations that may be prescribed pursuant to section 36-672. See Arizona Laws 15-871
Dual enrollment course: means a college-level course that is conducted on the campus of a high school or on the campus of a career technical education district, that is applicable to an established community college academic degree or certificate program and that is transferable to a university under the jurisdiction of the Arizona board of regents. See Arizona Laws 15-101
Due process hearing: means a fair and impartial administrative hearing conducted by the state educational agency by an impartial administrative law judge in accordance with federal and state law. See Arizona Laws 15-761
Electronic: means having electrical, digital, magnetic, optical, electromagnetic or similar capabilities. See Arizona Laws 14-1201
Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities. See Arizona Laws 14-13102
Electronic record: means a record that is created, generated, sent, communicated, received or stored by electronic means. See Arizona Laws 14-1201
Electronic-communication service: means a custodian that provides to a user the ability to send or receive an electronic communication. See Arizona Laws 14-13102
Elementary grades: means kindergarten programs and grades one through eight. See Arizona Laws 15-101
Eligible students: means :
(a) Students who are transported by or for a school district and who qualify as full-time students or fractional students, except students for whom transportation is paid by another school district or a county school superintendent, and:
(i) For common school students, whose place of actual residence within the school district is more than one mile from the school facility of attendance or students who are admitted pursuant to Section 15-816. See Arizona Laws 15-901
ELL: means English learners who do not speak English or whose native language is not English, who are not currently able to perform ordinary classroom work in English and who are enrolled in an English language education program pursuant to sections 15-751, 15-752 and 15-753. See Arizona Laws 15-901
Emergency: means a circumstance that likely will result in substantial harm to a respondent's health, safety or welfare, and for which the appointment of a guardian is necessary because no other person has authority and is willing to act on the respondent's behalf. See Arizona Laws 14-12201
Emotional disability: means a condition:
(a) In which a child exhibits one or more of the following characteristics over a long period of time and to a marked degree that adversely affects the child's performance in the educational environment:
(i) An inability to learn that cannot be explained by intellectual, sensory or health factors. See Arizona Laws 15-761
enrollment: means that a pupil is currently registered in the school district. See Arizona Laws 15-901
Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
Environmental law: means a federal, state or local law, rule, regulation or ordinance relating to protection of the environment. See Arizona Laws 14-10103
Equine: means horses, mules, burros and asses. See Arizona Laws 3-1201
Escrow: Money given to a third party to be held for payment until certain conditions are met.
Executive session: A portion of the Senate's daily session in which it considers executive business.
Executor: A male person named in a will to carry out the decedent
Exempt property: means that property of a decedent's estate that is described in section 14-2403. See Arizona Laws 14-1201
Expulsion: means the permanent withdrawal of the privilege of attending a school unless the governing board reinstates the privilege of attending the school. See Arizona Laws 15-840
Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Federal association: means a savings and loan association or savings association operating under the laws and regulations of the United States. See Arizona Laws 6-401
Fiduciary: includes a personal representative, guardian, conservator and trustee. See Arizona Laws 14-1201
Fiduciary: means a personal representative, a trustee, an agent acting under a power of attorney or any other person who is authorized to act as a fiduciary with respect to the property of another person. See Arizona Laws 14-10002
Fiduciary: means an original, additional or successor personal representative, conservator, agent, trustee or a fiduciary as defined in section 14-5651, subsection K. See Arizona Laws 14-13102
Fiduciary: means a personal representative or a trustee and includes an executor, an administrator, a successor personal representative, a special administrator and a person performing substantially the same function. See Arizona Laws 14-7401
Fiduciary: includes a trustee under any trust, expressed, implied, resulting or constructive, executor, administrator, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust or estate. See Arizona Laws 14-7501
Financial institution: means an organization authorized to do business under state or federal laws relating to financial institutions and includes a bank, trust company, savings bank, building and loan association, savings and loan company or association and credit union. See Arizona Laws 14-6201
Financial institution: means a bank, trust company, savings institution or credit union, which is chartered and supervised under state or federal law. See Arizona Laws 14-7651
Fiscal year: means the year beginning July 1 and ending June 30. See Arizona Laws 15-101
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Fractional student: means :
(i) For common schools, a preschool child who is enrolled in a program for preschool children with disabilities of at least three hundred sixty minutes each week that meets at least two hundred sixteen hours over the minimum number of days or a kindergarten student who is at least five years of age before January 1 of the school year and enrolled in a school kindergarten program that meets at least three hundred fifty-six hours for a one hundred eighty-day school year, or the instructional hours prescribed in this section. See Arizona Laws 15-901
Fraud: Intentional deception resulting in injury to another.
Full-time: means to be employed for a full school day, or its equivalent, or for a full class load, or its equivalent, as determined by the governing board. See Arizona Laws 15-501
Full-time student: means :
(i) For common schools, a student who is at least six years of age before January 1 of a school year, who has not graduated from the highest grade taught in the school district and who is regularly enrolled in a course of study required by the state board of education. See Arizona Laws 15-901
GDP price deflator: means the average of the four implicit price deflators for the gross domestic product reported by the United States department of commerce for the four quarters of the calendar year. See Arizona Laws 15-901
Germane: On the subject of the pending bill or other business; a strict standard of relevance.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Gifted education: means appropriate academic course offerings and services that are required to provide an educational program that is an integral part of the regular school day and that is commensurate with the academic abilities and potential of a gifted pupil. See Arizona Laws 15-779
Gifted pupil: means a child who is of lawful school age, who due to superior intellect or advanced learning ability, or both, is not afforded an opportunity for otherwise attainable progress and development in regular classroom instruction and who needs appropriate gifted education services, to achieve at levels commensurate with the child's intellect and ability. See Arizona Laws 15-779
Governing board: means the governing board of a school district or a county school superintendent in the case of accommodation schools located in such a county. See Arizona Laws 15-501
Governing board: means a body organized for the government and management of the schools within a school district or a county school superintendent in the conduct of an accommodation school. See Arizona Laws 15-101
Governing instrument: means a deed, will, trust, insurance or annuity policy, account with pay on death designation, security registered in beneficiary form, pension, profit sharing, retirement or similar benefit plan, instrument creating or exercising a power of appointment or power of attorney or supported decision-making agreement or a dispositive, appointive or nominative instrument of any similar type. See Arizona Laws 14-1201
Grand Canyon diploma: means a high school diploma that is offered to any student who demonstrates readiness for college level mathematics and English according to standards prescribed by an interstate compact on board examination systems, who has passing grades on an additional set of required approved board examinations in core academic courses as determined by the state board of education, including the arts, history and science, and who successfully completes a course in economics. See Arizona Laws 15-792.01
Grantor: The person who establishes a trust and places property into it.
Grantor: includes every person from or by whom an estate or interest in real property passes, in or by a deed. See Arizona Laws 1-215
Group A: means educational programs for career exploration, a specific learning disability, an emotional disability, a mild intellectual disability, remedial education, a speech/language impairment, developmental delay, homebound pupils, bilingual pupils and pupils with other health impairments. See Arizona Laws 15-901
Guardian: means a person appointed by the court to make decisions regarding the support, care, education, health and welfare of a minor or an adult. See Arizona Laws 14-10103
Guardian: means a person who has qualified as a guardian of a minor or incapacitated person pursuant to testamentary or court appointment but excludes a person who is merely a guardian ad litem. See Arizona Laws 14-1201
Guardian: means a person who has qualified as a guardian of an incapacitated person pursuant to testamentary or court appointment and includes a person who is appointed under chapter 5, article 3 of this title. See Arizona Laws 14-12102
Guardian ad litem: includes a person who is appointed pursuant to section 14-1408. See Arizona Laws 14-1201
Guardianship order: means an order appointing a guardian. See Arizona Laws 14-12102
Health agency: means a local health department or similar governmental agency established pursuant to the laws of another state or country and its officers and employees. See Arizona Laws 15-871
Hearing impairment: means a loss of hearing acuity, as determined by evaluation pursuant to section 15-766, that interferes with the child's performance in the educational environment and requires the provision of special education and related services. See Arizona Laws 15-761
High school district: means a political subdivision of this state offering instruction to students for grades nine through twelve or that portion of the budget of a common school district that is allocated to teaching high school subjects with permission of the state board of education. See Arizona Laws 15-901
Home school district: means the school district or charter school that the child last attended or, if the child has not previously attended a public school in this state, the school district in which the person resides who has legal custody of the child, as provided in section 15-824, subsection B. See Arizona Laws 15-761
Home state: means the state in which the respondent was physically present, including any period of temporary absence, for at least six consecutive months immediately before the filing of a petition for a protective order or the appointment of a guardian or, if none, the state in which the respondent was physically present, including any period of temporary absence, for at least six consecutive months ending within the six months before the filing of the petition. See Arizona Laws 14-12201
hospitalized: means a pupil who is capable of profiting from academic instruction but is unable to attend school due to illness, disease, accident or other health conditions, who has been examined by a competent medical doctor and who is certified by that doctor as being unable to attend regular classes for a period of not less than three school months or a pupil who is capable of profiting from academic instruction but is unable to attend school regularly due to chronic or acute health problems, who has been examined by a competent medical doctor and who is certified by that doctor as being unable to attend regular classes for intermittent periods of time totaling three school months during a school year. See Arizona Laws 15-901
Immunization: means the process of inoculation with a specific antigen to promote antibody formation in the body. See Arizona Laws 15-871
Immunized: means the required initial immunization and boosters or reimmunization prescribed pursuant to section 36-672. See Arizona Laws 15-871
Impartial administrative law judge: means an administrative law judge of the office of administrative hearings who is knowledgeable in the laws governing special education and administrative hearings. See Arizona Laws 15-761
Improved real estate: means real estate which is, or which from the proceeds of the loan will become, a home, combination of home and business property or other improved real estate. See Arizona Laws 6-401
Inadequacy of classroom performance: means the definition of inadequacy classroom performance adopted by the governing board pursuant to section 15-538. See Arizona Laws 15-501
Incapacitated: means lacking the ability to manage property and business affairs effectively by reason of mental illness, mental deficiency, physical illness or disability, chronic use of drugs, chronic intoxication, confinement, detention by a foreign power, disappearance, minority or other disabling cause. See Arizona Laws 14-9101
Incapacitated person: means an adult for whom a guardian has been appointed. See Arizona Laws 14-12102
Incapacitated person: means any person who is impaired by reason of mental illness, mental deficiency, mental disorder, physical illness or disability, chronic use of drugs, chronic intoxication or other cause, except minority, to the extent that he lacks sufficient understanding or capacity to make or communicate responsible decisions concerning his person. See Arizona Laws 14-5101
Income: means money or property that a fiduciary receives as current return from a principal asset and includes a portion of receipts from a sale, exchange or liquidation of a principal asset, to the extent provided in sections 14-7410 through 14-7424. See Arizona Laws 14-7401
Income beneficiary: means a person to whom net income of a trust is or may be payable. See Arizona Laws 14-7401
Income interest: means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion. See Arizona Laws 14-7401
Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
Individualized education program: means a written statement, as defined in 20 United States Code §§ 1401 and 1412, for providing special education and related services to a child with a disability. See Arizona Laws 15-761
Individualized education program team: means a team whose task is to develop an appropriate educational program for the child and has the same meaning prescribed in 20 United States Code § 1414. See Arizona Laws 15-761
Information: means data, text, images, videos, sounds, codes, computer programs, software, databases or the like. See Arizona Laws 14-13102
Inpatient psychiatric facility: means a hospital that contains an organized psychiatric services unit or a special hospital that is licensed to provide psychiatric services. See Arizona Laws 14-5101
instructional time: means hours or time spent pursuant to an instructional time model adopted under Section 15-901. See Arizona Laws 15-901
Insurance corporation: means the federal deposit insurance corporation or such other instrumentality of, or corporation chartered by, the United States as may be established for the purpose of insuring the accounts of savings and loan associations or any other equivalent deposit insurer approved by the deputy director. See Arizona Laws 6-401
Insured association: means an association, the accounts of which are insured wholly or in part by an insurance corporation. See Arizona Laws 6-401
Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
Intellectual disability: means a significant impairment of general intellectual functioning that exists concurrently with deficits in adaptive behavior and that adversely affects the child's performance in the educational environment. See Arizona Laws 15-761
Inter vivos: Transfer of property from one living person to another living person.
Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
Interested person: includes any trustee, heir, devisee, child, spouse, creditor, beneficiary, person holding a power of appointment and other person who has a property right in or claim against a trust estate or the estate of a decedent, ward or protected person. See Arizona Laws 14-1201
Interests of the beneficiaries: means the beneficial interests provided in the terms of the trust. See Arizona Laws 14-10103
Intestate: Dying without leaving a will.
Investigator: means a person who is appointed by the court under section 14-5308. See Arizona Laws 14-5101
Investment: means to put funds to use in order to secure profits. See Arizona Laws 6-401
Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.
Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
Jointly held property: means property held in the name of two or more persons under an arrangement in which all holders have concurrent interests and under which the last surviving holder is entitled to the whole of the property. See Arizona Laws 14-10002
Kind: means one or more related species or subspecies which singly or collectively are known by one common name, such as corn, oats, alfalfa and timothy. See Arizona Laws 3-231
Label: means any label or other written, printed or graphic representations, in any form whatsoever, accompanying or pertaining to any seed whether in bulk or in containers and includes representations or invoices. See Arizona Laws 3-231
Labeler: means any person whose name and address appear on the label pertaining to or attached to a lot or container of agricultural, vegetable or ornamental plant seed sold, offered for sale, exposed for sale or transported for sowing purposes. See Arizona Laws 3-231
Laboratory evidence of immunity: means written evidence of serologic confirmation of the presence of specific antibodies against an immunization-preventable disease that is signed by a physician or an authorized representative of a health agency. See Arizona Laws 15-871
Lease: includes any oil, gas or other mineral lease. See Arizona Laws 14-1201
Lease: means an agreement for conveyance and possession of real or personal property. See Arizona Laws 15-101
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Legal representative: means a personal representative or conservator. See Arizona Laws 14-9101
Legal representative: means an individual's personal representative or conservator. See Arizona Laws 14-7651
Legatee: A beneficiary of a decedent
Letters: includes letters testamentary, letters of guardianship, letters of administration and letters of conservatorship. See Arizona Laws 14-1201
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
License: means an Arizona state seed license that is obtained from the department. See Arizona Laws 3-231
Lien: A claim against real or personal property in satisfaction of a debt.
Limited property value: means the value determined pursuant to Title 42, Chapter 13, Article 7. See Arizona Laws 15-101
Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
Livestock: means cattle, equine, sheep, goats and swine, except feral pigs. See Arizona Laws 3-1201
Livestock officer: means an animal health and welfare officer, animal health and welfare inspector or investigator employed by the department. See Arizona Laws 3-1201
Local health department: means a local health department established pursuant to Title 36, Chapter 1, Article 4. See Arizona Laws 15-871
Lot: means a definite quantity of seed identified by a lot number or other mark, every portion or bag of which is uniform within recognized tolerances for the factors which appear in the labeling. See Arizona Laws 3-231
Magistrate: means an officer having power to issue a warrant for the arrest of a person charged with a public offense and includes the chief justice and justices of the supreme court, judges of the superior court, judges of the court of appeals, justices of the peace and judges of a municipal court. See Arizona Laws 1-215
mailed: means , with respect to a writing or notice, deposit in a United States post-office mailing facility in this state with postage prepaid and correctly addressed to the proper person at the person's address stated on the association's records or otherwise agreed on or if no address has been so established then to the last known address. See Arizona Laws 6-401
Mandatory income interest: means the right of an income beneficiary to receive net income that the terms of the trust require the fiduciary to distribute. See Arizona Laws 14-7401
Marital deduction: The deduction(s) that can be taken in the determination of gift and estate tax liabilities because of the existence of a marriage or marital relationship.
Markup: The process by which congressional committees and subcommittees debate, amend, and rewrite proposed legislation.
Merger: includes consolidation. See Arizona Laws 6-401
Merging association: means an association that plans or effects a merger with one or more other associations in accordance with the provisions of this chapter concerning merger. See Arizona Laws 6-401
Mild intellectual disability: means performance on standard measures of intellectual and adaptive behavior between two and three standard deviations below the mean for children of the same age. See Arizona Laws 15-761
Minor: means a person who is under eighteen years of age. See Arizona Laws 14-1201
Minor: means a person under the age of twenty-one years. See Arizona Laws 14-7651
Minor children: means persons under eighteen years of age. See Arizona Laws 1-215
Moderate intellectual disability: means performance on standard measures of intellectual and adaptive behavior between three and four standard deviations below the mean for children of the same age. See Arizona Laws 15-761
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Multiple disabilities: means learning and developmental problems resulting from multiple disabilities as determined by evaluation pursuant to section 15-766 that cannot be provided for adequately in a program designed to meet the needs of children with less complex disabilities. See Arizona Laws 15-761
Multiple disabilities with severe sensory impairment: means multiple disabilities that include at least one of the following:
(a) Severe visual impairment or severe hearing impairment in combination with another severe disability. See Arizona Laws 15-761
Multiple party account: means an account payable on request to one or more of two or more parties, whether or not a right of survivorship is mentioned. See Arizona Laws 14-6201
negligently: import a want of such attention to the nature or probable consequence of the act or omission as a prudent man ordinarily bestows in acting in his own concerns. See Arizona Laws 1-215
Net income: means the total receipts allocated to income during an accounting period minus the disbursements made from income during the period, plus or minus transfers under this article to or from income during the period. See Arizona Laws 14-7401
Nonresident pupil: means a pupil who resides in this state and who is enrolled in or is seeking enrollment in a school district other than the school district in which the pupil resides. See Arizona Laws 15-816
Nontest: means not relating to knowledge or skills in reading, writing, mathematics, social studies, science or any other course. See Arizona Laws 15-101
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Occupation: means the principal employment, paid or unpaid, of a person. See Arizona Laws 15-781
Online tool: means an electronic service provided by a custodian that allows the user, in an agreement distinct from the terms-of-service agreement between the custodian and user, to provide directions for disclosure or nondisclosure of digital assets to a third person. See Arizona Laws 14-13102
Open enrollment: means a policy that is adopted and implemented by a school district governing board to allow resident transfer pupils to enroll in any school within the school district, to allow resident pupils to enroll in any school located within other school districts in this state and to allow nonresident pupils to enroll in any school within the district pursuant to Section 15-816. See Arizona Laws 15-816
Organization: means a corporation, limited liability company, business trust, estate, trust, partnership, joint venture, association, government or governmental subdivision or agency or any other legal or commercial entity. See Arizona Laws 14-1201
Ornamental plant seed: means the seed of any plant used for decorative or ornamental purposes and includes flower seed. See Arizona Laws 3-231
Orthopedic impairment: means one or more severe orthopedic impairments and includes those that are caused by congenital anomaly, disease and other causes, such as amputation or cerebral palsy, and that adversely affect a child's performance in the educational environment. See Arizona Laws 15-761
Other health impairments: means limited strength, vitality or alertness, including a heightened alertness to environmental stimuli, due to chronic or acute health problems that adversely affect a pupil's educational performance. See Arizona Laws 15-761
Out-of-home care: means the placement of a child with a disability outside of the home environment and includes twenty-four-hour residential care, group care or foster care on either a full-time or part-time basis. See Arizona Laws 15-761
Parent: means :
(a) Either a natural or adoptive parent of a child. See Arizona Laws 15-761
Parent: includes any person entitled to take, or who would be entitled to take if the child died without a will, as a parent under this title by intestate succession from the child whose relationship is in question and excludes any person who is only a stepparent, foster parent or grandparent. See Arizona Laws 14-1201
Parent: means the natural or adoptive parent of a child or a person who has custody of a child. See Arizona Laws 15-101
Participating interests: means the purchase or acquisition of an interest in an existing permanent mortgage loan. See Arizona Laws 6-401
Party: means a person who, by the terms of an account and subject to a request, has a present right other than as a beneficiary or agent to payment from the account. See Arizona Laws 14-6201
Payor: means a trustee, insurer, business entity, employer, government, governmental agency or subdivision or any other person who is authorized or obligated by law or a governing instrument to make payments. See Arizona Laws 14-1201
Peace officers: means sheriffs of counties, constables, marshals, policemen of cities and towns, commissioned personnel of the department of public safety, personnel who are employed by the state department of corrections and the department of juvenile corrections and who have received a certificate from the Arizona peace officer standards and training board, peace officers who are appointed by a multicounty water conservation district and who have received a certificate from the Arizona peace officer standards and training board, police officers who are appointed by community college district governing boards and who have received a certificate from the Arizona peace officer standards and training board, police officers who are appointed by the Arizona board of regents and who have received a certificate from the Arizona peace officer standards and training board, police officers who are appointed by the governing body of a public airport pursuant to section 28-8426 and who have received a certificate from the Arizona peace officer standards and training board, peace officers who are appointed by a private postsecondary institution pursuant to section 15-1897 and who have received a certificate from the Arizona peace officer standards and training board and special agents from the office of the attorney general, or of a county attorney, and who have received a certificate from the Arizona peace officer standards and training board. See Arizona Laws 1-215
Performance classifications: means the performance classifications adopted by the governing board. See Arizona Laws 15-501
Person: means an individual, corporation, partnership, trust, association, cooperative association and any other business unit or organization. See Arizona Laws 3-1231
Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency or instrumentality, public corporation or any other legal or commercial entity. See Arizona Laws 14-10103
Person: means an individual or an organization. See Arizona Laws 14-1201
Person: means any individual, partnership, corporation, company, society or association. See Arizona Laws 3-231
Person: means an individual, an estate, a business or nonprofit entity, a public corporation, a government or governmental subdivision, agency or instrumentality or any other legal entity. See Arizona Laws 14-13102
person: means an individual, partnership, corporation, association or public or private organization of any kind. See Arizona Laws 15-101
Person: means any individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency or instrumentality, public corporation or other legal or commercial entity. See Arizona Laws 14-7401
Person: includes a corporation, partnership, or other association, or two or more persons having a joint or common interest. See Arizona Laws 14-7501
Person: means an individual, corporation, organization or other legal entity. See Arizona Laws 14-7651
Person who has custody: means a parent or legal guardian of a child, a person to whom custody of the child has been given by order of a court or a person who stands in loco parentis to the child. See Arizona Laws 15-101
person with a disability: means an individual who has a disability pursuant to 42 United States Code § 1382c. See Arizona Laws 14-10103
Personal property: All property that is not real property.
Personal property: includes money, goods, chattels, things in action and evidences of debt. See Arizona Laws 1-215
Personal representative: includes an executor, an administrator, a successor personal representative, a special administrator and persons who perform substantially the same function under the law governing their status. See Arizona Laws 14-1201
Personal representative: means an executor, an administrator, a special administrator or person that performs substantially the same function under law of this state other than this chapter. See Arizona Laws 14-13102
Personal representative: means an executor, administrator, successor personal representative or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions. See Arizona Laws 14-7651
Petition: means a written request to the court for an order after notice. See Arizona Laws 14-1201
Petty offense: A federal misdemeanor punishable by six months or less in prison. ^{Source: U.S. Courts}
Physician: means a person licensed pursuant to Title 32, Chapter 13, 17 or 29 or a person licensed to practice allopathic or osteopathic medicine under the laws of another state or country. See Arizona Laws 15-871
Physician: means a person licensed pursuant to Title 32, Chapter 13 or 17. See Arizona Laws 14-5101
Plea agreement: An arrangement between the prosecutor, the defense attorney, and the defendant in which the defendant agrees to plead guilty in exchange for special considerations. ^Source:
POD: means the designation of:
(a) A beneficiary in an account payable on request to one party during the party's lifetime and on the party's death to one or more beneficiaries or to one or more parties during their lifetimes and on the death of all of them to one or more beneficiaries. See Arizona Laws 14-6201
Power of attorney: means a record that grants an agent authority to act in the place of a principal. See Arizona Laws 14-13102
Power of withdrawal: means a presently exercisable general power of appointment other than a power exercisable either:
(a) By a trustee and limited by an ascertainable standard. See Arizona Laws 14-10103
Preliminary hearing: A hearing where the judge decides whether there is enough evidence to make the defendant have a trial.
Preschool child: means a child who is at least three years of age but who has not reached the required age for kindergarten, subject to section 15-771, subsection G. See Arizona Laws 15-761
Preschool severe delay: means performance by a preschool child on a norm-referenced test that measures more than three standard deviations below the mean for children of the same chronological age in one or more of the following areas:
(a) Cognitive development. See Arizona Laws 15-761
Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
Primary property taxes: means all ad valorem taxes except for secondary property taxes. See Arizona Laws 15-101
Principal: means an individual who grants authority to an agent in a power of attorney. See Arizona Laws 14-13102
Principal: means property held in trust for distribution to a remainder beneficiary when the trust terminates. See Arizona Laws 14-7401
Principal: includes any person to whom a fiduciary as such owes an obligation. See Arizona Laws 14-7501
Prior act: means any statute of this state that, before June 25, 1960, has governed the formation or operation of associations of the type described in the section of this chapter concerning scope of the chapter. See Arizona Laws 6-401
Prior written notice: means written prior notice that a public educational agency is required to send to parents whenever the public educational agency proposes or refuses to initiate or change the identification, evaluation or educational placement of a child with a disability or the provision of a free appropriate public education. See Arizona Laws 15-761
Private school: means a nonpublic institution where instruction is imparted. See Arizona Laws 15-101
Probable cause: A reasonable ground for belief that the offender violated a specific law.
Proceeding: includes action at law and suit in equity. See Arizona Laws 14-1201
Producer: means a person who owns or acquires ownership of cattle. See Arizona Laws 3-1231
Profits: means , as determined by the application of proper accounting principles, gross income less the aggregate of operating and other expenses, losses actually sustained and not charged to reserves under this chapter and interest paid or accrued on borrowings and non-recurring charges. See Arizona Laws 6-401
Program improvement services: means those activities, services and functions carried out to develop, support and improve the quality of career and technical education and vocational education programs, including teacher education, curriculum, guidance and administration. See Arizona Laws 15-781
Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest in anything that may be the subject of ownership. See Arizona Laws 14-10103
Protected person: means an adult for whom a protective order has been issued. See Arizona Laws 14-12102
Protected person: means a minor or any other person for whom a conservator has been appointed or any other protective order has been made. See Arizona Laws 14-5101
Protected person: means an individual for whom a conservator has been appointed. See Arizona Laws 14-13102
Protective order: means an order appointing a conservator or other order related to management of an adult's property. See Arizona Laws 14-12102
Protective proceeding: means a judicial proceeding in which a protective order is sought or has been issued. See Arizona Laws 14-12102
Protective proceeding: means a proceeding under section 14-5401 to determine that a person cannot effectively manage or apply his estate to necessary ends, either because he lacks the ability or is otherwise inconvenienced, or because he is a minor, and to secure administration of his estate by a conservator or other appropriate relief. See Arizona Laws 14-5101
Psychologist: means a person licensed pursuant to Title 32, Chapter 19. See Arizona Laws 14-5101
Public educational agency: means a school district, a charter school, an accommodation school, a state-supported institution or any other political subdivision of this state that is responsible for providing education to children with disabilities. See Arizona Laws 15-761
Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
public school: means any public institution established for the purposes of offering instruction to pupils in programs for preschool children with disabilities, kindergarten programs or any combination of elementary grades or secondary grades one through twelve. See Arizona Laws 15-101
published: means printed in the English language in a newspaper of general circulation published in the community in which the association's business office is located or if no such newspaper exists in said community then in the county in which such business office is located. See Arizona Laws 6-401
Pupil: means a person who is eligible to receive instruction at a school and includes pre-kindergarten age children receiving either services for children with disabilities or day care on a school campus otherwise exempt from day care rules pursuant to section 36-884. See Arizona Laws 15-871
Qualified beneficiary: means a beneficiary who, on the date the beneficiary's qualification is determined:
(a) Is a distributee or permissible distributee of trust income or principal. See Arizona Laws 14-10103
Qualified evaluator: means a school principal or other person who is trained to evaluate teachers and who is designated by the governing board to evaluate the school district's certificated teachers. See Arizona Laws 15-501
Qualifying tax rate: means the qualifying tax rate specified in section 15-971 applied to the assessed valuation used for primary property taxes. See Arizona Laws 15-901
Quorum: The number of legislators that must be present to do business.
Range: means every character of lands, enclosed or unenclosed, outside of cities and towns, upon which livestock is permitted by custom, license or permit to roam and feed. See Arizona Laws 3-1201
Range livestock: means livestock customarily permitted to roam upon the ranges of the state, whether public domain or in private control, and not in the immediate actual possession or control of the owner although occasionally placed in enclosures for temporary purposes. See Arizona Laws 3-1201
Recess: A temporary interruption of the legislative business.
Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Arizona Laws 14-12102
Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and that is retrievable in perceivable form. See Arizona Laws 14-13102
Registered mail: includes certified mail. See Arizona Laws 1-215
registered seed: means seed that has been produced and labeled in accordance with the procedures and in compliance with the rules and regulations of an officially recognized seed-certifying agency. See Arizona Laws 3-231
Registering entity: means a person who originates or transfers a security title by registration and includes a broker who maintains security accounts for customers and a transfer agent or other person who acts for or as an issuer of securities. See Arizona Laws 14-6301
Registrar: means the official of the court who is designated to perform the functions of registrar as provided in section 14-1307. See Arizona Laws 14-1201
Regular school day: means the regularly scheduled class periods intended for instructional purposes. See Arizona Laws 15-901
Related services: means those supportive services, as defined in 20 United States Code § 1401, that are required to assist a child with a disability who is eligible to receive special education services in order for the child to benefit from special education. See Arizona Laws 15-761
Remainder beneficiary: means a person entitled to receive principal when an income interest ends. See Arizona Laws 14-7401
Remote-computing service: means a custodian that provides to a user computer-processing services or the storage of digital assets by means of an electronic communications system, as defined in 18 United States Code § 2510(14). See Arizona Laws 14-13102
Request: means a request for payment that complies with all terms of the account, including special requirements concerning necessary signatures and rules of the financial institution, and that, if terms of the account condition payment on advance notice, is treated as immediately effective. See Arizona Laws 14-6201
Resident pupil: means a pupil whose residence is within the attendance area of a school. See Arizona Laws 15-816
Residential special education placement: means placing a child with a disability in a public or private residential program, as provided in section 15-765, subsection G, in order to provide necessary special education and related services as specified in the child's individualized education program. See Arizona Laws 15-761
Respondent: means an adult for whom a protective order or the appointment of a guardian is sought. See Arizona Laws 14-12102
Revenue control limit: means the base revenue control limit plus the transportation revenue control limit. See Arizona Laws 15-901
Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
School: means a public, private or parochial school that offers instruction at any level or grade through twelfth grade, except for day care facilities regulated pursuant to Title 36, Chapter 7. See Arizona Laws 15-871
School administrator: means the principal or person having general daily control and supervision of the school or that person's designee. See Arizona Laws 15-871
School district: means a political subdivision of this state with geographic boundaries organized for the purpose of the administration, support and maintenance of the public schools or an accommodation school. See Arizona Laws 15-101
Secondary grades: means grades nine through twelve. See Arizona Laws 15-101
Secondary property taxes: means ad valorem taxes used to pay the principal of and the interest and redemption charges on any bonded indebtedness or other lawful long-term obligation issued or incurred for a specific purpose by a school district or a community college district and amounts levied pursuant to an election to exceed a budget, expenditure or tax limitation. See Arizona Laws 15-101
securities: as used in this article in respect to any plan, includes not only shares of guaranty capital and evidences of accounts issuable by an association under the laws of this state, but also shares of stock of one or more classes issuable by corporations generally, and bonds, notes, debentures, evidences of indebtedness, certificates of interest or participation and collateral trust certificates. See Arizona Laws 6-493
Security: includes any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in an oil, gas or mining title or lease or in payments out of production under that title or lease, collateral trust certificate, transferable share or voting trust certificate and, in general, includes any interest or instrument commonly known as a security, or any certificate of interest or participation, any temporary or interim certificate, receipt or certificate of deposit for, or any warrant or right to subscribe to or purchase, any of these securities. See Arizona Laws 14-1201
Security: means any share, participation or other interest in property, in a business or in an obligation of an enterprise or other issuer and includes a certificated security, an uncertificated security and a security account. See Arizona Laws 14-6301
Security account: means :
(a) A reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage account, cash, interest, earnings or dividends earned or declared on a security in an account, a reinvestment account or a brokerage account, whether or not credited to the account before the owner's death. See Arizona Laws 14-6301
Sell: means offer for sale, expose for sale, possess for sale, exchange, barter or trade. See Arizona Laws 3-231
Service of process: The service of writs or summonses to the appropriate party.
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Settlor: means a person, including a testator, who creates or contributes property to a trust. See Arizona Laws 14-10103
Significant relationship: means the person either is related to the ward by blood or marriage or is a close friend of the ward as established by a history of pattern and practice. See Arizona Laws 14-5101
Significant-connection state: means a state, other than the home state, with which a respondent has a significant connection other than mere physical presence and in which substantial evidence concerning the respondent is available. See Arizona Laws 14-12201
Small isolated school district: means a school district that meets all of the following:
(a) Has a student count of fewer than six hundred in kindergarten programs and grades one through eight or grades nine through twelve. See Arizona Laws 15-901
Small school district: means a school district that meets all of the following:
(a) Has a student count of fewer than six hundred in kindergarten programs and grades one through eight or grades nine through twelve. See Arizona Laws 15-901
Sole ownership: The type of property ownership in which one individual holds legal title to the property and has full control of it.
Special administrator: means a personal representative as described by sections 14-3614 through 14-3618. See Arizona Laws 14-1201
Special education: means specially designed instruction that meets the unique needs of a child with a disability and that is provided without cost to the parents of the child. See Arizona Laws 15-761
Special needs trust: means a trust established for the benefit of one or more persons with disabilities if one of the purposes of the trust, expressed in the trust instrument or implied from the trust instrument, is to allow the person with a disability to qualify or continue to qualify for public, charitable or private benefits that might otherwise be available to the person with a disability. See Arizona Laws 14-10103
Specially designed instruction: means adapting the content, methodology or delivery of instruction to address the unique needs of a child with a disability and to ensure that child's access to the general curriculum as identified in the academic standards adopted by the state board of education. See Arizona Laws 15-761
Spendthrift provision: means a term of a trust that restrains either voluntary or involuntary transfer of a beneficiary's interest. See Arizona Laws 14-10103
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 14-10103
State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, a federally recognized Indian tribe or any territory or insular possession subject to the jurisdiction of the United States. See Arizona Laws 14-12102
State: means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico. See Arizona Laws 14-9101
State: includes a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico and a territory or possession subject to the legislative authority of the United States. See Arizona Laws 14-7651
State board: means the state board of education. See Arizona Laws 15-391
State educational agency: means the department of education. See Arizona Laws 15-761
Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
Street name or nominee name: means registration used by a broker or financial institution for holding securities if they are not registered in the name of the beneficial owner. See Arizona Laws 14-7651
Structural integrity: means the structure of all parts of the printed instructional material is kept intact to the extent feasible and as mutually agreed on by the publisher and the local educational agency. See Arizona Laws 15-731
Student count: means average daily membership as prescribed in this subsection for the fiscal year before the current year, except that for the purpose of budget preparation student count means average daily membership as prescribed in this subsection for the current year. See Arizona Laws 15-901
Subject: means a division or field of organized knowledge, such as English or mathematics, or a selection from an organized body of knowledge for a course or teaching unit, such as the English novel or elementary algebra. See Arizona Laws 15-101
Submit electronically: means submitted in a format and in a manner prescribed by the department of education. See Arizona Laws 15-901
subscription: includes a mark, if a person cannot write, with the person's name written near it and witnessed by a person who writes the person's own name as witness. See Arizona Laws 1-215
Successor personal representative: means a personal representative, other than a special administrator, who is appointed to succeed a previously appointed personal representative. See Arizona Laws 14-1201
Successors: means persons, other than creditors, who are entitled to property of a decedent under a will or this title. See Arizona Laws 14-1201
Summons: Another word for subpoena used by the criminal justice system.
Sums on deposit: means the balance payable on an account, including interest and dividends earned, whether or not included in the current balance and any deposit life insurance proceeds added to the account by reason of death of a party. See Arizona Laws 14-6201
Superintendent: means the superintendent of schools of a school district. See Arizona Laws 15-501
Supported decision-making: means a process of supporting and accommodating an adult to enable the adult to make life decisions, including decisions related to where the adult wants to live, the services, support and medical care the adult wants to receive, whom the adult wants to live with and where the adult wants to work, without impeding the adult's self-determination. See Arizona Laws 14-5721
Supported decision-making agreement: means an agreement between an adult and a supporter that is entered into pursuant to this article. See Arizona Laws 14-5721
Supporter: means a person who is at least eighteen years of age and who enters into a supported decision-making agreement with an adult. See Arizona Laws 14-5721
Surrogate parent: means a person who has been appointed by the court or by the department of education pursuant to Section 15-763. See Arizona Laws 15-761
Survive: means that a person has neither predeceased an event, including the death of another person, nor is deemed to have predeceased an event under section 14-2104 or 14-2702. See Arizona Laws 14-1201
suspended: means :
(a) For a pupil attending a public school, the temporary withdrawal of the privilege of attending school pursuant to section 15-843. See Arizona Laws 15-871
Suspension: means the temporary withdrawal of the privilege of attending a school for a specified period of time. See Arizona Laws 15-840
Suspension without pay: means suspension without pay for a period of time not to exceed ten school days. See Arizona Laws 15-501
Tangible medium: means a medium on which information may be inscribed by writing, typing, printing or similar means and that is perceivable by reading directly from the medium on which the information is inscribed. See Arizona Laws 14-1201
Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
Terms of a trust: means the manifestation of the settlor's intent regarding a trust's provisions as expressed in the trust instrument or as may be established by other evidence that would be admissible in a judicial proceeding. See Arizona Laws 14-10103
Terms of a trust: means the manifestation of the intent of a settlor or decedent with respect to the trust expressed in a manner that admits of its proof in a judicial proceeding, whether by written or spoken words or by conduct. See Arizona Laws 14-7401
Terms of the account: includes the deposit agreement and other terms and conditions of the contract of deposit and includes the contract form. See Arizona Laws 14-6201
Terms-of-service agreement: means an agreement that controls the relationship between a user and a custodian. See Arizona Laws 14-13102
Testate: To die leaving a will.
Testator: A male person who leaves a will at death.
Testator: includes a person of either sex. See Arizona Laws 14-1201
Testify: includes every manner of oral statement under oath or affirmation. See Arizona Laws 1-215
Testify: Answer questions in court.
Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
Total assets: means the total value of all loan contracts without deduction for the withdrawal value of any accounts of the association held as collateral for loans and the total value of all other assets of the association as determined by the application of proper accounting principles. See Arizona Laws 6-401
Total bus mileage: means the total number of miles driven by all buses of a school district during the school year. See Arizona Laws 15-901
Transfer: means a transaction that creates custodial property pursuant to section 14-7659. See Arizona Laws 14-7651
Transferor: means a person who creates a custodial trust by transfer or declaration. See Arizona Laws 14-9101
Transferor: means a person who makes a transfer pursuant to this article. See Arizona Laws 14-7651
Transportation revenue control limit: means the transportation revenue control limit computed as prescribed in section 15-946. See Arizona Laws 15-901
Transportation support level: means the support level for pupil transportation operating expenses as provided in section 15-945. See Arizona Laws 15-901
Treated: means that the seed has received an application of a substance or process that is designed to reduce, control or repel certain disease organisms, insects or other pests attacking such seeds or seedlings growing from the seeds. See Arizona Laws 3-231
Trust: includes an express trust, private or charitable, with any additions, wherever and however created. See Arizona Laws 14-1201
Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}
Trust company: means a financial institution, corporation or other legal entity that is authorized to exercise general trust powers. See Arizona Laws 14-9101
Trust company: means a financial institution, corporation or other legal entity, which is authorized to exercise general trust powers. See Arizona Laws 14-7651
Trust instrument: means an instrument executed by the settlor that contains terms of the trust, including any amendments to that trust. See Arizona Laws 14-10103
Trustee: includes an original, additional or successor trustee, whether or not appointed or confirmed by the court. See Arizona Laws 14-1201
Trustee: includes an original, additional and successor trustee and a cotrustee. See Arizona Laws 14-10103
Trustee: means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another. See Arizona Laws 14-13102
Trustee: includes an original, additional or successor trustee, whether or not appointed or confirmed by a court. See Arizona Laws 14-7401
Type: means either a group of varieties so similar that the individual varieties cannot be clearly differentiated except under special conditions or, when used with a variety name, seed of the variety named which may be mixed with seed of other varieties of the same kind and of similar character. See Arizona Laws 3-231
Unified school district: means a political subdivision of this state offering instruction to students in programs for preschool children with disabilities and kindergarten programs and grades one through twelve. See Arizona Laws 15-901
Unpaid employment: means work in recognized occupations for which there is no direct financial compensation. See Arizona Laws 15-781
Uphold: The decision of an appellate court not to reverse a lower court decision.
User: means a person that has an account with a custodian. See Arizona Laws 14-13102
Variety: means a subdivision of a kind characterized by growth, yield, plant, fruit, seed or other characteristics by which it can be differentiated from other plants of the same kind. See Arizona Laws 3-231
Vegetable seeds: means seeds of those crops which are grown in gardens and on truck farms and are generally known and sold under the name of vegetable seeds in this state. See Arizona Laws 3-231
Vendor: means a person or entity that offers printed or nonprinted instructional materials for commercial sale to a school district and other public schools. See Arizona Laws 15-731
Vocational and technical preparation: means an organized set of specialized courses which is directly related to the preparation of persons for occupations that normally do not require a baccalaureate or advanced degree for paid or unpaid employment or advancement and which is designed in total to provide a pupil with sufficient skills for entry into an occupation. See Arizona Laws 15-781
Ward: means a person for whom a guardian has been appointed. See Arizona Laws 14-5101
Will: includes a codicil and any testamentary instrument that merely appoints an executor, revokes or revises another will, nominates a guardian or expressly excludes or limits the right of an individual or class to succeed to property of the decedent passing by intestate succession. See Arizona Laws 14-1201
Will: includes a codicil, testamentary instrument that only appoints an executor and instrument that revokes or revises a testamentary instrument. See Arizona Laws 14-13102
withdrawals: means students who are formally withdrawn from schools or students who are absent for ten consecutive school days, except for excused absences identified by the department of education. See Arizona Laws 15-901

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Arizona Laws > Title 6 > Chapter 3 – Savings and Loan Associations

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