Arizona § 13-2207 - Receiving deposits in an insolvent financial institution; classification
Full text of Arizona Arizona Revised Statutes § 13-2207 — Receiving deposits in an insolvent financial institution; classification, with citation guidance and answers to common questions.
§ 13-2207. Receiving deposits in an insolvent financial institution; classification
A. A person commits receiving deposits in an insolvent financial institution if, as an officer, manager or other person participating in the direction of a financial institution, such person receives or permits the receipt of a deposit, premium payment or investment in the institution in excess of the amount insured by the federal deposit insurance corporation, the federal savings and loan insurance corporation or the national credit union administration knowing that the institution is insolvent.
B. It is a defense to prosecution under this section that the person making the deposit, premium payment or investment was fully informed of the financial condition of the institution.
C. Receiving deposits in an insolvent financial institution is a class 5 felony.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 13-2207
What does Arizona Revised Statutes § 13-2207 cover?
Section 13-2207 ("Receiving deposits in an insolvent financial institution; classification") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 13-2207?
A common citation format is "Arizona Revised Statutes § 13-2207" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 13-2207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.