Arizona statute
A.R.S. § 13-2207 — Receiving deposits in an insolvent financial institution; classification
Current through 57th Legislature, 1st Regular Session (2025)
Part of Chapter 22: Business and Commercial Frauds, Arizona Revised Statutes.
Criminal charges under this statute
Full text of A.R.S. § 13-2207
Statutory text current through the 57th Legislature, 1st Regular Session (2025). This publication reproduces the official statutory text published by the Arizona Legislature (Arizona Legislative Council compilation, azleg.gov); it is not the official statutes of the State of Arizona.
A. A person commits receiving deposits in an insolvent financial institution if, as an officer, manager or other person participating in the direction of a financial institution, such person receives or permits the receipt of a deposit, premium payment or investment in the institution in excess of the amount insured by the federal deposit insurance corporation, the federal savings and loan insurance corporation or the national credit union administration knowing that the institution is insolvent.
B. It is a defense to prosecution under this section that the person making the deposit, premium payment or investment was fully informed of the financial condition of the institution.
C. Receiving deposits in an insolvent financial institution is a class 5 felony.
Official sources
Legal terms used in this section
Questions this section answers
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.
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).
This reference is informational and is not legal advice.