Arizona § 14-7509 - Deposit in names of two or more trustees
Full text of Arizona Arizona Revised Statutes § 14-7509 — Deposit in names of two or more trustees, with citation guidance and answers to common questions.
§ 14-7509. Deposit in names of two or more trustees
When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by any trustee or trustees authorized by the other trustee or trustees to draw checks upon the trust account, neither the payee nor other holder nor the bank is bound to inquire whether it is a breach of trust to authorize such trustee or trustees to draw checks upon the trust account, and is not liable unless the circumstances be such that the action of the payee or other holder or the bank amounts to bad faith.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 14-7509
What does Arizona Revised Statutes § 14-7509 cover?
Section 14-7509 ("Deposit in names of two or more trustees") 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 § 14-7509?
A common citation format is "Arizona Revised Statutes § 14-7509" (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 § 14-7509 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.