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Code · Arizona · Title 6 — Banks and Financial Institutions

6-258. Property interest of depositor or beneficiary

60 words·~1 min read·/az/title-6/6-258

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. Neither a depositor nor a beneficiary has a property interest in a special deposit.
B. Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this subsection is determined under other law.
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