Arizona § 48-4465 - Transfer of credits
Full text of Arizona Arizona Revised Statutes § 48-4465 — Transfer of credits, with citation guidance and answers to common questions.
§ 48-4465. Transfer of credits
A. Any district member that holds a credit certificate may transfer all or any part of its credits to the district or to any other district member.
B. The district member that transfers any credit shall report the transfer to the district within ten days after the date of the transfer.
C. The district shall maintain a register of the ownership of all credits. The register shall be open to inspection by district members during the district's normal business hours.
D. A district member that purchases credits in good faith and without notice of any defect or any defense that the district has with respect to the credits may transfer the credits pursuant to this section or surrender credits pursuant to section 48-4466, subsection A, paragraph 3 and the district may not raise any defense it may have against the transferor as a defense against the transferee. The district is not liable to any person for any action it takes in reliance on a report of a credit transfer, including accepting and cancelling surrendered credits under section 48-4466, subsection A or issuing a new credit certificate to a transferee.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-4465
What does Arizona Revised Statutes § 48-4465 cover?
Section 48-4465 ("Transfer of credits") 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 § 48-4465?
A common citation format is "Arizona Revised Statutes § 48-4465" (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 § 48-4465 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.