Arizona criminal charge
Receiving deposits in an insolvent financial institution in Arizona
Receiving deposits in an insolvent financial institution is a Class 5 Felony under Arizona criminal law, defined by A.R.S. § 13-2207. As a Class 5 Felony, it is punishable within the statutory sentencing range Arizona sets for that offense class. Arizona sorts criminal offenses into class 1 through class 6 felonies, class 1 through class 3 misdemeanors, and petty offenses (A.R.S. § 13-601). A first felony offense carries a presumptive term with mitigated and aggravated departures under A.R.S. § 13-702; prior convictions (§ 13-703) and dangerous offenses (§ 13-704) change the range. Misdemeanor maximums are set by A.R.S. § 13-707 and fines by §§ 13-801 and 13-802.
Defined by A.R.S. § 13-2207.
What is the penalty for receiving deposits in an insolvent financial institution in Arizona?
| Penalty | Range | Basis | Authority |
|---|---|---|---|
| Jail / prison | 9 months to 24 months (presumptive 1.5 years; mitigated 6 months / aggravated 2.5 years on required findings (13-701, 13-702(B)-(D)); repetitive (13-703) or dangerous (13-704) offenses use different ranges) | presumptive | A.R.S. § 13-702 |
| Fine | up to $150,000 (fine cap for an individual (13-801); statute-specific amounts may exceed) | discretionary | A.R.S. § 13-702 |
Applies to first felony offense, non-dangerous; presumptive term 1.5 years.
Common questions about receiving deposits in an insolvent financial institution in Arizona
Is receiving deposits in an insolvent financial institution a felony or a misdemeanor in Arizona?
Receiving deposits in an insolvent financial institution is a Class 5 Felony in Arizona under A.R.S. § 13-2207.
What are the penalties for receiving deposits in an insolvent financial institution in Arizona?
As a Class 5 Felony, receiving deposits in an insolvent financial institution carries 9 months to 24 months of incarceration and a fine of up to $150,000 (no mandatory minimum) under A.R.S. § 13-702 (first felony offense, non-dangerous; presumptive term 1.5 years).
Which Arizona statute covers receiving deposits in an insolvent financial institution?
Receiving deposits in an insolvent financial institution is governed by A.R.S. § 13-2207 (Receiving deposits in an insolvent financial institution; classification).
Legal terms used in this law
This reference is informational and is not legal advice. Penalty ranges are the statutory classification ranges; sentencing in a specific case depends on its facts and history.