Arizona § 6-162 - Temporary prohibition; injunction
Full text of Arizona Arizona Revised Statutes § 6-162 — Temporary prohibition; injunction, with citation guidance and answers to common questions.
§ 6-162. Temporary prohibition; injunction
A. If the deputy director determines from the available facts that the conduct of the respondent is likely to cause the financial institution or enterprise to suffer substantial financial loss before an order can be issued under section 6-161, the deputy director may issue a temporary order prohibiting the respondent from further participation in any manner in the conduct of the affairs of the financial institution or enterprise. The order shall contain a statement of the alleged facts which form the basis of the order and becomes effective on service on the respondent. A copy of the order shall also be served on the financial institution or enterprise. The order expires by its terms within such time after entry, not to exceed twenty days, as the deputy director fixes, unless the respondent consents to a longer period or within the time fixed in the order it is extended by supplemental order issued by the deputy director and served on the respondent and the financial institution or enterprise. On two days' notice to the financial institution or enterprise the respondent may move that the deputy director stay, dissolve or modify the order, and the deputy director shall proceed to hear and determine such motion as expeditiously as justice requires.
B. The respondent served with a temporary order may apply to the superior court for a stay of the order pending the completion of the administrative proceedings under section 6-161, and the court has jurisdiction to stay the order if the deputy director has refused to stay the order or to promptly consider the respondent's request for a stay.
Frequently Asked Questions About Arizona § 6-162
What does Arizona Revised Statutes § 6-162 cover?
Section 6-162 ("Temporary prohibition; injunction") 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 § 6-162?
A common citation format is "Arizona Revised Statutes § 6-162" (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 § 6-162 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.