Arizona § 11-1131 - Definitions
Full text of Arizona Arizona Revised Statutes § 11-1131 — Definitions, with citation guidance and answers to common questions.
§ 11-1131. Definitions
In this article, unless the context otherwise requires:
1. "Department" means the department of revenue.
2. "Value" means:
(a) In any case other than a gift, the amount of the full actual consideration that is paid or to be paid, including the amount of any lien or liens.
(b) In the case of a gift or a contract or deed with nominal consideration or without stated consideration, the estimated price the property would bring in an open market and under the prevailing market conditions in a sale between a willing seller and a willing buyer, both of whom are conversant with the property and with prevailing general price levels.
Frequently Asked Questions About Arizona § 11-1131
What does Arizona Revised Statutes § 11-1131 cover?
Section 11-1131 ("Definitions") 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 § 11-1131?
A common citation format is "Arizona Revised Statutes § 11-1131" (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 § 11-1131 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.