Arizona § 20-455 - Interlocking ownership or management; multiple directorship
Full text of Arizona Arizona Revised Statutes § 20-455 — Interlocking ownership or management; multiple directorship, with citation guidance and answers to common questions.
§ 20-455. Interlocking ownership or management; multiple directorship
A. Any insurer may retain, invest in or acquire the whole or any part of the capital stock of any other insurer or insurers, or have a common management with any other insurer or insurers, unless such retention, investment, acquisition or common management is inconsistent with any other provision of this title, or unless by reason thereof the business of such insurers with the public is conducted in a manner which substantially lessens competition generally in the insurance business or tends to create a monopoly therein.
B. Any person otherwise qualified may be a director of two or more insurers which are competitors, unless the effect thereof is to substantially lessen competition between insurers generally or tend to create a monopoly.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-455
What does Arizona Revised Statutes § 20-455 cover?
Section 20-455 ("Interlocking ownership or management; multiple directorship") 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 § 20-455?
A common citation format is "Arizona Revised Statutes § 20-455" (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 § 20-455 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.