Arizona § 13-2201 - Definitions
Full text of Arizona Arizona Revised Statutes § 13-2201 — Definitions, with citation guidance and answers to common questions.
§ 13-2201. Definitions
In this chapter, unless the context otherwise requires:
1. "Adulterated" means varying from the standard of composition or quality prescribed by statute or administrative regulation or, if none, as set by established commercial usage.
2. "Fiduciary" means a trustee, guardian, executor, administrator, receiver or any other person carrying on functions of trust on behalf of another person, corporation or organization.
3. "Financial institution" means a bank, insurance company, credit union, savings and loan association, investment trust or other organization held out to the public as a place of deposit for funds or medium of savings or collective investment.
4. "Insolvent" means that, for any reason, a financial institution is unable to pay its obligations in the ordinary or usual course of business or the present fair salable value of its assets is less than the amount that will be required to pay its probable liabilities on its existing debts as they become absolute and matured.
5. "Mislabeled" means:
(a) Varying from the standard of truth or disclosure in labeling prescribed by statute or administrative regulation or, if none, as set by established commercial usage; or
(b) Represented as being another person's product, though otherwise labeled accurately as to quality and quantity.
6. "Misleading statement" means an offer to sell property or services when the offerer does not intend to sell or provide the advertised property or services:
(a) At a price equal to or lower than the price offered; or
(b) In a quantity sufficient to meet the reasonably expected public demand, unless the quantity available is specifically stated in the advertisement; or
(c) At all.
7. "Security interest" means an interest in personal property or fixtures pursuant to title 47, chapter 9.
Frequently Asked Questions About Arizona § 13-2201
What does Arizona Revised Statutes § 13-2201 cover?
Section 13-2201 ("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 § 13-2201?
A common citation format is "Arizona Revised Statutes § 13-2201" (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 § 13-2201 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.