6-395.15. Notice of taking; effect
75 words·~1 min read·
/az/title-6/6-395-15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On taking possession of the property and business of a bank, the receiver shall give notice of the taking to all persons who hold any assets of that bank. The notice required by this section is not a prerequisite to taking possession. A person who knows of the taking may not claim a lien or charge against any assets of the bank for any subsequent payment, advance or clearance or for any other subsequent liability.