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A.R.S. § 44-319

Election to take payment or delivery

Applied in 2 court decisions — leading case 734 F. Supp. 525 - Alabama v. Bowsher (1990)

Most recently applied in 734 F. Supp. 525 - Alabama v. Bowsher (March 1990)

A. The department may decline to receive property that is reported under this chapter and that the department considers to have a value of less than the costs of notice and sale.

B. With the written consent of the department and on terms prescribed by the department, a holder may report and deliver property before the property is presumed abandoned. The department shall hold that property, and that property is not presumed abandoned until it otherwise would be presumed abandoned pursuant to this chapter.

Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.