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§ 14-6227 Financial institutions; right to setoff against account

AZ Rev Stat § 14-6227 (2019) (N/A)
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14-6227. Financial institutions; right to setoff against account

Without qualifying any other statutory right to setoff or lien and subject to any contractual provision, if a party is indebted to a financial institution the financial institution has a right to a setoff against the account. The amount of the account subject to a setoff is the proportion to which the party is, or immediately before death was, beneficially entitled under section 14-6211 or, in the absence of proof of that proportion, an equal share with all parties.

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