Arizona § 6-486 - Rehabilitation of associations; definition
Full text of Arizona Arizona Revised Statutes § 6-486 — Rehabilitation of associations; definition, with citation guidance and answers to common questions.
§ 6-486. Rehabilitation of associations; definition
A. If the business, property and affairs of any association are in the possession of the deputy director for liquidation, or if an association is in an unsafe or unsound condition, the association may be rehabilitated, readjusted or reorganized in accordance with any plan proposed and approved as provided in this article.
B. Without limiting the generality of the foregoing provisions of this article, a plan may provide in respect to all or any part of the business, property or affairs of the association for any one or more of the following:
1. The retention thereof by the deputy director as a conservator, if the business, property or affairs are in the deputy director's possession for liquidation.
2. The delivery thereof to the deputy director as a conservator, or for liquidation.
3. The transfer thereof to any person or to a trustee.
C. For the purposes of this article, "plan" means a plan for the rehabilitation, readjustment or reorganization of an association or for the readjustment, modification or reorganization of the rights or interests of any or all of the investors and creditors of, or other persons, interested in the association.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-486
What does Arizona Revised Statutes § 6-486 cover?
Section 6-486 ("Rehabilitation of associations; definition") 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 § 6-486?
A common citation format is "Arizona Revised Statutes § 6-486" (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 § 6-486 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.