Arizona Court of Appeals Clarifies Court Authority to Appoint Receivers Over Solvent Businesses
By Michael P. Rolland In an important decision for Arizona receivership law, the Arizona Court of Appeals addressed long-standing ambiguity regarding the interplay between A.R.S. § 12-1241 and Rule 66 of the Arizona Rules of Civil Procedure, holding that principles of equity do not constrain the court’s statutory authority to appoint a receiver but instead […]