Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 44. Trade and Commerce |
Chapter 11. REGULATIONS CONCERNING PARTICULAR BUSINESSES |
Article 3. Pawnbrokers |
Sec 44-1623. Sale of pledged goods
Latest version.
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A. A pawnbroker shall not sell any items pledged to him as security for a pawn transaction until at least the day after the maturity date.
B. All of a pledgor's right, title and interest in the pledged goods shall pass by operation of law to the pawnbroker, without recourse, on the day after the maturity date.