Arizona § 20-170 - Prohibited acts during sixty day period of supervision
Full text of Arizona Arizona Revised Statutes § 20-170 — Prohibited acts during sixty day period of supervision, with citation guidance and answers to common questions.
§ 20-170. Prohibited acts during sixty day period of supervision
During the period of supervision, the director may appoint a supervisor to supervise such insurance company and may provide that the insurance company may not do any of the following things, during the period of supervision, without the prior approval of the director or his supervisor:
1. Dispose of, convey or encumber any of its assets or its business in force;
2. Withdraw any of its bank accounts;
3. Lend any of its funds;
4. Invest any of its funds;
5. Transfer any of its property;
6. Incur any debt, obligation or liability;
7. Merge or consolidate with another company; or
8. Enter into any new reinsurance contract or treaty.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-170
What does Arizona Revised Statutes § 20-170 cover?
Section 20-170 ("Prohibited acts during sixty day period of 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 § 20-170?
A common citation format is "Arizona Revised Statutes § 20-170" (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 § 20-170 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.