Arizona § 35-426 - Application of proceeds to redemption of indebtedness; notice to redeem
Full text of Arizona Arizona Revised Statutes § 35-426 — Application of proceeds to redemption of indebtedness; notice to redeem, with citation guidance and answers to common questions.
§ 35-426. Application of proceeds to redemption of indebtedness; notice to redeem
A. The state treasurer shall apply monies received to redeem the indebtedness of the bonds issued and shall give notice in the same manner as for paying and redeeming state warrants, checks and substitute checks, and electronic funds transfer vouchers. After the state treasurer redeems such indebtedness, interest on all such indebtedness due and outstanding shall cease.
B. Before such indebtedness is paid, the director of the department of administration shall endorse on each certificate the amount due thereon, and write across the face of each the date of its surrender and the name of the person surrendering, and shall keep a record thereof.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 35-426
What does Arizona Revised Statutes § 35-426 cover?
Section 35-426 ("Application of proceeds to redemption of indebtedness; notice to redeem") 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 § 35-426?
A common citation format is "Arizona Revised Statutes § 35-426" (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 § 35-426 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.