Arizona § 6-454 - Appraisal of real estate owned
Full text of Arizona Arizona Revised Statutes § 6-454 — Appraisal of real estate owned, with citation guidance and answers to common questions.
§ 6-454. Appraisal of real estate owned
At the time of acquisition by purchase, foreclosure or otherwise, an association shall cause to be appraised, in the manner, and by appraisers appointed in accordance with section 6-457, each parcel of real estate acquired and shall keep a signed copy of such appraisal in its records. An association shall not carry real estate on its books for a sum in excess of the total amount actually invested by the association on account of such real estate, including reasonable advances, costs and improvements, but excluding accrued and uncollected interest.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-454
What does Arizona Revised Statutes § 6-454 cover?
Section 6-454 ("Appraisal of real estate owned") 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 § 6-454?
A common citation format is "Arizona Revised Statutes § 6-454" (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 § 6-454 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.