AZ SB1212

Creates new statute (A.R.S. 12-2108) limiting appeal bonds to the lesser of: (1) total damages awarded excluding punitive damages, (2) 50% of appellant's net worth, or (3) $25 million.

Allows trial courts to require full bond amount if appellee proves by clear and convincing evidence that appellant is intentionally dissipating assets outside ordinary business operations.

Permits trial courts to reduce bond amount if appellant proves by clear and convincing evidence that the required bond would cause substantial economic harm.

Modifies A.R.S. 44-1201 to cap interest rates on judgments at the lesser of 10% per annum or three percentage points plus the federal prime rate, and prohibits prejudgment and postjudgment interest on unliquidated, future, punitive, or exemplary damages.

Applies new provisions to all pending or newly filed civil actions on or after the bill's effective date.