Arizona § 15-1174 - Powers and duties
Full text of Arizona Arizona Revised Statutes § 15-1174 — Powers and duties, with citation guidance and answers to common questions.
§ 15-1174. Powers and duties
The state board of education on behalf of the state of Arizona is authorized and empowered to:
1. Collect, compromise, adjust or cancel claims and obligations arising out of or administered under this article or under any mortgage, lease, contract or other agreement entered into or administered pursuant to this article and, if in its judgment necessary and advisable, pursue the same to final collection in any court having jurisdiction.
2. Bid for and purchase at any execution, foreclosure or other sale, or otherwise to acquire, property upon which the state board has a lien by reason of a judgment or execution, or which is pledged, mortgaged or conveyed or which otherwise secures any loan or other indebtedness owing to or acquired by the state board under this article.
3. Accept title to any property so purchased or acquired, to operate or lease such property for such period as may be deemed necessary to protect the investment therein and to sell or otherwise dispose of such property in a manner consistent with the provisions of this article.
Frequently Asked Questions About Arizona § 15-1174
What does Arizona Revised Statutes § 15-1174 cover?
Section 15-1174 ("Powers and duties") 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 § 15-1174?
A common citation format is "Arizona Revised Statutes § 15-1174" (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 § 15-1174 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.