ARS § 14-7509
If a bank deposit is held in the names of two or more trustees, a payee, holder, or the bank does not have to investigate whether a trustee’s authority to draw checks breaches the trust, unless bad faith is involved.
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- Jurisdiction
- United States — Arizona
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
check processing deposit accounts trust account liability
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ARS § 14-7509
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