Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 6. Banks and Financial Institutions |
Chapter 3. SAVINGS AND LOAN ASSOCIATIONS |
Article 9. Rehabilitation and Reorganization |
Sec 6-494. Authority of fiduciaries
Latest version.
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An executor, administrator, guardian, receiver, trustee of any kind or nature, and an insurance company may consent to any plan or exchange any shares of guaranty capital, accounts, creditors' claims or other rights or claims for securities issued pursuant to any plan and may continue to hold as a legal investment securities so received.