REFERENCE TITLE: technical correction; defrauding secured creditors

State of Arizona House of Representatives Fifty-second Legislature First Regular Session 2015

HB 2540

Introduced by Representative Finchem

 

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