Bill Text: AZ SB1109 | 2018 | Fifty-third Legislature 2nd Regular | Introduced

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Bill Title: Technical correction; defrauding secured creditors

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-01-17 - Senate read second time [SB1109 Detail]

Download: Arizona-2018-SB1109-Introduced.html

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REFERENCE TITLE: technical correction; defrauding secured creditors

 

 

 

State of Arizona

Senate

Fifty-third Legislature

Second Regular Session

2018

 

SB 1109

 

Introduced by

Senator Burges

 

 

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