Arizona § 20-502 - Assets as deductions from liabilities
Full text of Arizona Arizona Revised Statutes § 20-502 — Assets as deductions from liabilities, with citation guidance and answers to common questions.
§ 20-502. Assets as deductions from liabilities
Assets may be allowed as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, and deductions from assets may be charged as liabilities, in accordance with the form of annual statement applicable to such insurer as prescribed by the director, or otherwise in his discretion.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-502
What does Arizona Revised Statutes § 20-502 cover?
Section 20-502 ("Assets as deductions from liabilities") 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 § 20-502?
A common citation format is "Arizona Revised Statutes § 20-502" (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 § 20-502 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.