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AZ SB1223
Bill
Status
1/27/2014
Primary Sponsor
David Farnsworth
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AI Summary
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Amends Arizona Revised Statutes Section 33-710 to clarify that foreign personal representatives, administrators, guardians, or conservators may execute satisfaction or release of mortgages on Arizona property.
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Requires the foreign representative to record an authenticated copy of their appointment in the recorder's office of the county where the mortgage is recorded.
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Grants foreign personal representatives and administrators the same authority to release mortgages as those appointed within Arizona when no Arizona representative has been appointed.
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Applies to estates of deceased non-residents and to guardianships or conservatorships of minors established in another state or foreign country.
Legislative Description
Technical correction; foreign personal representatives
Last Action
Referred to Senate RULES Committee
1/28/2014