REFERENCE TITLE: technical correction; defrauding secured creditors

State of Arizona

Senate

Fifty-sixth Legislature

First Regular Session

2023

SB 1071

Introduced by

Senator Borrelli

An Act

amending section 13-2204, Arizona Revised Statutes; relating to business and commercial fraud.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Section 13-2204, Arizona Revised Statutes, is amended to read:

START_STATUTE13-2204. Defrauding secured creditors; classification; definition

A. A person commits defrauding secured creditors if the person knowingly destroys, removes, conceals, encumbers, converts, sells, obtains, transfers, controls or otherwise deals with property subject to a security interest with the intent to hinder or prevent the enforcement of that interest.

C. B. Defrauding secured creditors is a class 6 felony.

B. C. For the purposes of this section, "control" has the same meaning as prescribed by section 13-1801. END_STATUTE