Arizona § 48-3167 - Agreement by board to guarantee payment of converted liens
Full text of Arizona Arizona Revised Statutes § 48-3167 — Agreement by board to guarantee payment of converted liens, with citation guidance and answers to common questions.
§ 48-3167. Agreement by board to guarantee payment of converted liens
The board of directors may enter into an agreement guaranteeing payment of the principal, any installment thereof, and interest thereon of converted liens as a district obligation. The agreement shall be in such form and tenor as may be approved by a two-thirds vote of the board of directors, and when so approved and executed shall thereafter be binding upon the district and irrevocable without consent of the parties thereto.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-3167
What does Arizona Revised Statutes § 48-3167 cover?
Section 48-3167 ("Agreement by board to guarantee payment of converted liens") 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 § 48-3167?
A common citation format is "Arizona Revised Statutes § 48-3167" (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 § 48-3167 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.