Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 44. Trade and Commerce |
Chapter 1. CONTRACTS |
Article 4. Liability of Parties |
Sec 44-143. Formal requirements for and limitations upon confession of judgment under power of attorney
Latest version.
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Judgment by confession shall not be entered upon a note, bond or other instrument in writing for the payment of money under the authority of a power of attorney to confess judgment thereon, unless such authority is executed and acknowledged on a day subsequent to the date on which the indebtedness to be confessed became due and payable.