Arizona § 6-469 - Election of liquidators; report; supervision
Full text of Arizona Arizona Revised Statutes § 6-469 — Election of liquidators; report; supervision, with citation guidance and answers to common questions.
§ 6-469. Election of liquidators; report; supervision
A. On adoption of a plan of voluntary liquidation, the members shall proceed to elect, with cumulative voting allowed as in elections of directors, not more than three liquidators, who shall have full power to execute the plan. The procedure thereafter shall be as follows:
1. A report of proceedings at the meeting of members, certified by the presiding officer of the meeting and attested by the secretary of the meeting, and setting forth the notice given and time of mailing thereof, the vote on the plan of voluntary liquidation, the total number of votes that all members of the association were entitled to cast thereon, and the names of the liquidators elected, shall be filed in triplicate with the deputy director, together with the plan.
2. If the deputy director finds that the plan and proceedings are in accordance with this article, that the bonds of the liquidators are sufficient, and that the plan is not unfair to any person affected, the deputy director shall attach the deputy director's certificate of approval to the plan and shall forward one copy to the liquidators, and in the case of an insured association, one copy to the insurance corporation.
3. The expenses of any examination made by or at the direction of the deputy director in connection with any voluntary dissolution shall be paid as a claim by the liquidators in accordance with the fees fixed for special examinations by section 6-125.
4. The plan shall become effective on filing with the corporation commission of the deputy director's certificate of approval.
B. The liquidation of the association shall be subject to the supervision and examination of the deputy director.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-469
What does Arizona Revised Statutes § 6-469 cover?
Section 6-469 ("Election of liquidators; report; supervision") 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 § 6-469?
A common citation format is "Arizona Revised Statutes § 6-469" (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 § 6-469 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.