reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-5701 - Fiduciary arrest warrants

14-5701.
Fiduciary arrest warrants
A. In an action or proceeding to enforce a court action in a case filed pursuant to this title or title 41,  chapter 4,  article 1,  or on motion by a party or on its own motion,  the court may issue a fiduciary arrest warrant if the court finds that all of the following apply to the person for whom the warrant is sought:
1. The person was ordered by the court to appear personally at a specific time and location.
2. The person received actual notice of the order,  including a warning that the failure to appear might result in the issuance of a fiduciary arrest warrant.
3. The person failed to appear as ordered.
B. The judicial officer shall order the fiduciary arrest warrant and the clerk shall issue the warrant. The warrant shall contain the name of the person to be arrested and other information required to enter the warrant in the Arizona criminal justice information system. The warrant shall command that the named person be arrested and either remanded to the custody of the sheriff or brought before the judicial officer or,  if the judicial officer is absent or unable to act,  before the nearest or most accessible judicial officer of the superior court in the same county. The warrant issued pursuant to this section remains in effect until it is executed or extinguished by the court.
C. The warrant shall set forth a bond in a reasonable amount to guarantee the appearance of the arrested person or an order that the arrested person be held without bond until the arrested person is seen by a judicial officer.
D. A peace officer acting pursuant to a fiduciary arrest warrant has the same powers as if acting pursuant to a criminal arrest warrant.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-5702 - Time and manner of execution; information

14-5702.
Time and manner of execution;  information
A. A fiduciary arrest warrant is executed by the arrest of the person named in the warrant. The fiduciary arrest warrant may be executed at any time.
B. When making an arrest pursuant to a fiduciary arrest warrant the arresting officer shall inform the person named in the warrant that the arresting officer has a fiduciary arrest warrant unless:
1. The named person flees or forcibly resists before the arresting officer has an opportunity to inform the named person.
2. Providing this information will imperil the arrest.
C. To execute a fiduciary arrest warrant,  the arresting officer may use reasonable force to enter any building in which the person named in the warrant is or is reasonably believed to be.
D. The arresting officer does not need to possess the fiduciary arrest warrant at the time of the arrest. If after the arrest the arrested person requests to see the fiduciary arrest warrant the arresting officer shall show the arrested person a copy of the warrant as soon as practicable.
E. The arrested person shall be brought before the issuing judicial officer as soon as possible or,  if that judicial officer is absent or unable to act,  before the nearest or most accessible judicial officer of the superior court in the same county. The arrested person shall be brought before a judicial officer of the superior court in the issuing county or the county of arrest within twenty-four judicial business hours after the execution of the warrant. If the arrested person is arrested in a county other than the county in which the fiduciary arrest warrant was issued,  the arresting officer shall notify the sheriff in the county of issue who shall take custody of and transport the arrested person to the issuing judicial officer as soon as possible.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-5703 - Procedure after arrest; payment for release from custody

14-5703.
Procedure after arrest;  payment for release from custody
A. When a person who is arrested pursuant to a fiduciary arrest warrant is brought before the court,  the judicial officer shall advise the arrested person of the nature of the proceedings and shall set a date for the next court appearance.
B. The arrested person may be released from custody pending the hearing if the arrested person pays the amount set by the court or a larger amount as the court determines. The court may not reduce the amount ordered to be paid. The arrested person shall not be released from custody without paying the amount unless the court finds in writing or on the record that a compelling reason exists to release the arrested person.
C. Monies received pursuant to this section shall be deposited with the clerk of the court until further order of the court unless the court orders that the monies be paid to an estate or other fiduciary.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-5721 - Definitions

14-5721.
Definitions
In this article,  unless the context otherwise requires:
1. " Adult"  means an individual with a disability who is at least eighteen years of age.
2. " Disability"  means a physical or mental impairment that substantially limits one or more major life activities,  as defined in section 41-1492.
3. " Interested person"  means any person who is interested in the affairs or welfare of an adult who has entered into a supported decision-making agreement.
4. " Intimidate"  includes threatening to deprive an adult of food,  nutrition,  shelter or necessary medication or medical treatment.
5. " Supported decision-making"  means a process of supporting and accommodating an adult to enable the adult to make life decisions,  including decisions related to where the adult wants to live,  the services,  support and medical care the adult wants to receive,  whom the adult wants to live with and where the adult wants to work,  without impeding the adult's self-determination.
6. " Supported decision-making agreement"  means an agreement between an adult and a supporter that is entered into pursuant to this article.
7. " Supporter"  means a person who is at least eighteen years of age and who enters into a supported decision-making agreement with an adult.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6101 - Nonprobate transfers on death; nontestamentary nature

14-6101.
Nonprobate transfers on death;  nontestamentary nature
A. A provision for a nonprobate transfer on death in any insurance policy,  contract of employment,  bond,  mortgage,  promissory note,  certificated or uncertificated security,  account agreement,  custodial agreement,  deposit agreement,  compensation plan,  pension plan,  individual retirement plan,  employee benefit plan,  trust,  conveyance,  deed of gift,  marital property agreement or other written instrument of a similar nature is nontestamentary.
B. A written instrument is nontestamentary if it contains a provision that:
1. Money or other benefits due to,  controlled by or owned by a decedent before death shall be paid after the decedent's death to a person whom the decedent designates either in the instrument or in a separate writing,  including a will,  executed either before or at the same time as the instrument,  or later.
2. Money due or to become due under the written instrument ceases to be payable in the event of death of the promisee or the promisor before payment or demand.
3. Any property that is controlled by or owned by the decedent before death and that is the subject of the written instrument passes to a person the decedent designates either in the written instrument or in a separate writing,  including a will,  executed either before or at the same time as the instrument or later.
C. This section does not limit rights of creditors under other laws of this state.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6103 - Notice of death of settlor; filing claim against trust estate

14-6103.
Notice of death of settlor;  filing claim against trust estate
A. After the death of the settlor the trustee of a nontestamentary trust may notify known creditors pursuant to section 14-3801,  subsection B and may publish notice to creditors pursuant to section 14-3801,  subsection A.
B. A claim against the trust estate that arose before the settlor's death,  including claims of the state or any of its political subdivisions,  whether due or to become due,  absolute or contingent,  liquidated or unliquidated,  founded on contract,  tort or other legal basis,  if not barred against the trust estate by any other statute of limitations or nonclaim statute,  are barred against the trust estate,  the trustee and the beneficiaries of the trust,  unless presented within the time prescribed in the written notice for creditors who are given actual notice,  or within the time prescribed in the published notice for creditors who are given notice by publication.
C. A claim under this section may be presented as follows:
1. The claimant may deliver or mail to the trustee a written statement of the claim indicating the information prescribed in section 14-3804.
2. If the trustee has distributed the trust estate to beneficiaries of the trust,  the trustee shall mail or deliver the claim to any beneficiary that may be liable for the claim because of the receipt of trust assets by that beneficiary.
3. If a claim is presented in a timely manner,  section 14-6102 applies.
D. The trustee is not liable to a creditor or to any beneficiary of the trust for giving or failing to give notice under this section.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6202 - Application of article

14-6202.
Application of article
This article does not apply to:
1. An account established for any partnership,  joint venture or other organization for a business purpose.
2. An account controlled by one or more persons as an agent or trustee for a corporation,  unincorporated association or charitable or civic organization.
3. A fiduciary or trust account in which the relationship is established other than by the terms of the account.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6203 - Types of accounts; existing accounts

14-6203.
Types of accounts;  existing accounts
A. An account may be for a single party or multiple parties. A multiple party account may be with or without a right of survivorship between the parties. Subject to the requirements of section 14-6212,  subsection C,  either a single party account or a multiple party account may have a pay on death designation or an agency designation,  or both.
B. An account established before or after December 31,  1994,  whether in the form prescribed in section 14-6204 or in any other form,  is either a single party account or a multiple party account,  with or without the right of survivorship,  and with or without a pay on death designation or designating an agent,  within the meaning of this section and is governed by this section.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6204 - Sample forms

14-6204.
Sample forms
A. A contract of deposit that contains provisions in substantially the following form establishes the type of account provided. The account is governed by the requirements of this section that are applicable to that account of that type:
Uniform Single or Multiple Party Account Form
Parties (Name one or more parties):
____________________ _____________________
Ownership (Select one and initial):
_____ single party account
_____ multiple party account
Parties own account in proportion to net contributions unless there is clear and convincing evidence of a
different intent.
Rights at death (select one and initial):
_____ single party account
At death of party,  ownership passes as part of party's estate.
_____ single party account with POD
(pay on death) designation
(Name of one or more beneficiaries):
_______________________ _________________________
At death of party,  ownership passes to POD (pay on death) beneficiaries and is not part of party's estate.
_____ multiple party account with right of survivorship
At death of party,  ownership passes to surviving parties.
Multiple party account with right of survivorship and POD (pay on death) designation
(Name one or more beneficiaries):
_________________________ __________________________
At death of last surviving party,  ownership passes to POD (pay on death) beneficiaries and is not part of last surviving party's estate.
_____ multiple party account without right of survivorship
At death of party,  deceased party's owner ship passes as part of deceased party's estate.
Agency (power of attorney) designation (optional)
Agents may make account transactions for parties but have no ownership or rights at death unless named as POD (pay on death) beneficiaries.
(To add agency designation to account,  name one or more agents):
________________________ _________________________
(Select one and initial):
_____ agency designation survives disability or incapacity of parties
_____ agency designation terminates on disability or incapacity of parties
B. A contract of deposit that does not contain provisions in substantially the form provided in subsection A is governed by the requirements of this article that are applicable to the type of account that most nearly conforms to the depositor's intent.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6205 - Designation of agent; authority; termination

14-6205.
Designation of agent;  authority;  termination
A. By a writing signed by all parties,  the parties may designate as an agent for all of the parties on the account a person who is not a party to the account.
B. Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party,  the agent's authority survives disability and incapacity. The agent may act for a party with disabilities or incapacitated party until the authority of the agent is terminated. The death of the sole party or last surviving party terminates the authority of an agent.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6206 - Beneficial ownership; application and limitation of article

14-6206.
Beneficial ownership;  application and limitation of article
The requirements of this article that relate to beneficial ownership as between parties or as between parties and beneficiaries apply only to controversies between those persons and their creditors and other successors and do not apply to the right of those persons to payment as determined by the terms of the account.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6211 - Ownership of accounts

14-6211.
Ownership of accounts
A. During the lifetime of all parties an account belongs to the parties in proportion to the net contribution of each to the sums on deposit unless there is clear and convincing evidence of a different intent. As between parties married to each other,  in the absence of proof otherwise,  the net contribution of each is presumed to be an equal amount.
B. A beneficiary in an account having a pay on death designation has no right to sums on deposit during the lifetime of any party.
C. An agent in an account with an agency designation has no beneficial right to sums on deposit.
D. For the purposes of subsection A of this section,  " net contribution"  means the sum of all deposits to an account made by or for the party,  less all payments from the account that are made to or for the party and that have not been paid to or applied to the use of another party and a proportionate share of any charges deducted from the account,  plus a proportionate share of any interest or dividends earned,  whether or not included in the current balance. Net contribution includes deposit life insurance proceeds added to the account by reason of the death of the party whose net contribution is in question.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6212 - Death of a party; rights of survivors

14-6212.
Death of a party;  rights of survivors
A. Except as otherwise provided in this section,  on the death of a party,  sums on deposit in a multiple party account belong to the surviving party or parties. If two or more parties survive and one is the surviving spouse of the decedent,  the amount to which the decedent,  immediately before death,  was beneficially entitled under section 14-6211 belongs to the surviving spouse. If two or more parties survive and none is the surviving spouse of the decedent,  the amount to which the decedent,  immediately before death,  was beneficially entitled under section 14-6211 belongs to the surviving parties in equal shares and augments the proportion to which each survivor,  immediately before the decedent's death,  was beneficially entitled under section 14-6211. The right of survivorship continues between the surviving parties.
B. In an account with a pay on death designation:
1. On the death of one of two or more parties,  the rights in sums on deposit are governed by subsection A of this section.
2. On the death of the sole party or the last survivor of two or more parties,  sums on deposit belong to the surviving beneficiary or beneficiaries. If two or more beneficiaries survive,  sums on deposit belong to them in equal and undivided shares. Thereafter there is no right of survivorship in the event of death of a beneficiary. If no beneficiary survives sums on deposit belong to the estate of the last surviving party.
C. Sums on deposit in a single party account without a pay on death designation or in a multiple party account that,  by the terms of the account,  is without right of survivorship,  are not affected by the death of a party. However,  the amount to which the decedent,  immediately before death,  was beneficially entitled under section 14-6211 is transferred as part of the decedent's estate. A pay on death designation in a multiple party account without right of survivorship is ineffective. For purposes of this subsection,  designation of an account as a tenancy in common establishes that the account is without right of survivorship.
D. The ownership right of a surviving party or beneficiary or of the decedent's estate in sums on deposit is subject to requests for payment made by a party before the party's death,  whether paid by the financial institution before or after death or unpaid. The surviving party or beneficiary or the decedent's estate is liable to the payee of an unpaid request for payment. The liability is limited to a proportionate share of the amount transferred under this section to the extent necessary to discharge the request for payment.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6213 - Alteration of rights

14-6213.
Alteration of rights
A. Rights at death under section 14-6212 are determined by the type of account at the death of a party. The type of account may be altered by written notice given by a party to the financial institution to change the type of account or to stop or vary payment under the terms of the account. The notice shall be signed by a party and received by the financial institution during the party's lifetime.
B. A right of survivorship arising from the express terms of the account,  section 14-6212 or a pay on death designation may not be altered by will.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6214 - Accounts; transfers; nontestamentary effect

14-6214.
Accounts;  transfers;  nontestamentary effect
A transfer of an account pursuant to section 14-6212 is effective by reason of the terms of the account involved and is not testamentary or subject to chapters 1 through 4 of this title.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6216 - Community property; effect of account; right of survivorship

14-6216.
Community property;  effect of account;  right of survivorship
A. A deposit of community property in an account does not alter the community character of the property or community rights in the property.
B. A right of survivorship between parties married to each other arising from the express terms of the account or section 14-6212 may not be altered by will.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6221 - Financial institutions; types of accounts

14-6221.
Financial institutions;  types of accounts
A. A financial institution may enter into a contract of deposit for a multiple party account to the same extent it may enter into a contract of deposit for a single party account and may provide for a pay on death designation and an agency designation in either a single party account or a multiple party account.
B. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6222 - Multiple party accounts; payment; proof of death and survivorship

14-6222.
Multiple party accounts;  payment;  proof of death and survivorship
A financial institution,  on request,  may pay sums on deposit on a multiple party account to:
1. One or more of the parties,  whether or not another party is a party with disabilities,  incapacitated or deceased when payment is requested and whether or not the party making the request survives another party.
2. The personal representative,  or,  if there is none,  the heirs or devisees of a deceased party who present an affidavit in compliance with section 14-3971,  subsection B and proof of death to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary,  unless the account is without right of survivorship under section 14-6212.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6223 - Pay on death accounts; payment

14-6223.
Pay on death accounts;  payment
A financial institution,  on request,  may pay sums on deposit in an account with a pay on death designation to:
1. One or more of the parties,  whether or not another party is a party with disabilities,  incapacitated or deceased when the payment is requested and whether or not a party survives another party.
2. The beneficiary or beneficiaries,  if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties.
3. The personal representative or,  if there is none,  the heirs or devisees of a deceased party,  if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6224 - Agency accounts; payment to designated agent

14-6224.
Agency accounts;  payment to designated agent
A financial institution on request of an agent under an agency designation for an account may pay to the agent sums on deposit in the account,  whether or not a party is a party with disabilities,  incapacitated or deceased when the request is made or received,  and whether or not the authority of the agent terminates on the disability or incapacity of a party.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6225 - Payments to minors

14-6225.
Payments to minors
If a financial institution is required or permitted to make payment pursuant to this article to a minor designated as a beneficiary,  payment may be made pursuant to the uniform transfers to minors act under chapter 7,  article 7 of this title.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6226 - Financial institutions; discharge of claims; exception

14-6226.
Financial institutions;  discharge of claims;  exception
A. A payment made pursuant to this article in accordance with the type of account discharges the financial institution from all claims for these amounts,  whether or not the payment is consistent with the beneficial ownership of the account as between parties or beneficiaries or their successors. Payment may be made whether or not a party,  beneficiary or agent has disabilities,  is incapacitated or deceased when payment is requested,  received or made.
B. Protection under this section does not extend to payments made after a financial institution has received written notice from a party or from the deceased party's personal representative,  surviving spouse or heir or devisee if this notice states that payments in accordance with the terms of the account,  including one having an agency designation,  should not be permitted and the financial institution has had a reasonable opportunity to act on it when the payment is made. Unless the notice is withdrawn by the person giving it,  the successor of any deceased party shall concur in a request for payment if the financial institution is to be protected under this section. Unless a financial institution has been served with process in an action or proceeding,  no other notice or other information shown to have been available to the financial institution affects its right to protection under this section.
C. A financial institution that receives written notice pursuant to this section or otherwise has reason to believe that a dispute exists as to the rights of the parties may refuse,  without liability,  to make payments in accordance with the terms of the account.
D. Protection of a financial institution under this section does not affect the rights of parties in disputes between themselves or their successors concerning the beneficial ownership of sums on deposit in accounts or payments made from accounts.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6227 - Financial institutions; right to setoff against account

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.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6301 - Definitions

14-6301.
Definitions
In this article,  unless the context otherwise requires:
1. " Beneficiary form"  means a registration of a security that indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security on the owner's death.
2. " Register"  means to issue a certificate that shows the ownership of a certificated security or,  in the case of an uncertificated security,  to initiate or transfer an account that shows ownership of securities.
3. " Registering entity"  means a person who originates or transfers a security title by registration and includes a broker who maintains security accounts for customers and a transfer agent or other person who acts for or as an issuer of securities.
4. " Security"  means any share,  participation or other interest in property,  in a business or in an obligation of an enterprise or other issuer and includes a certificated security,  an uncertificated security and a security account.
5. " Security account"  means:
(a) A reinvestment account associated with a security,  a securities account with a broker,  a cash balance in a brokerage account,  cash,  interest,  earnings or dividends earned or declared on a security in an account,  a reinvestment account or a brokerage account,  whether or not credited to the account before the owner's death.
(b) A cash balance or any other property held for or due to the owner of a security as a replacement for or product of an account security,  whether or not credited to the account before the owner's death.
(c) An investment management or custody account with a trust company or a trust division of a bank with trust powers,  and includes the securities in the account,  a cash balance in the account,  cash,  cash equivalents,  interest and earnings or dividends earned or declared on a security in the account,  whether or not credited to the account before the owner's death.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6302 - Registration of securities; form

14-6302.
Registration of securities;  form
Only a person whose registration of a security shows sole ownership by one person or multiple ownership by two or more persons with right of survivorship,  rather than as tenants in common,  may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship or as owners of community property held in survivorship form and not as tenants in common.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6303 - Registration in beneficiary form; applicable law

14-6303.
Registration in beneficiary form;  applicable law
A. A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity,  the location of the registering entity's principal office,  the office of its transfer agent or its office making the registration or by this or a similar statute of the law of the state listed as the owner's address at the time of registration.
B. A registration governed by the law of a jurisdiction in which a law that is similar to this article is not in force or was not in force when a registration in beneficiary form was made is presumed to be valid and authorized as a matter of contract law.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6305 - Form of registration

14-6305.
Form of registration
Registration in beneficiary form may be shown by the words " transfer on death"  or the abbreviation " TOD"  or by the words " pay on death"  or the abbreviation " POD"  after the name of the registered owner and before the name of a beneficiary.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6306 - Effect of registration

14-6306.
Effect of registration
A. The designation of a transfer on death beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death.
B. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6307 - Ownership on death of owner

14-6307.
Ownership on death of owner
A. On death of a sole owner or the last to die of all multiple owners,  ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of the death of all of the owners and compliance with any applicable requirements of the registering entity,  a security registered in beneficiary form may be reregistered in the name of the beneficiary or beneficiaries who survived the death of all owners.
B. Until division of the security after the death of all owners,  multiple beneficiaries surviving the death of all owners hold their interests as tenants in common.
C. If no beneficiary survives the death of all owners,  the security belongs to the estate of the deceased sole owner or the estate of the last to die of all multiple owners.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6308 - Registering entity; obligations; protection

14-6308.
Registering entity;  obligations;  protection
A. A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity,  the owner requesting registration in beneficiary form assents to the protections given to the registering entity by this article.
B. By accepting a request for registration of a security in beneficiary form,  the registering entity agrees that it will implement the registration on the death of the deceased owner as provided in this article.
C. A registering entity is discharged from all claims to a security by the estate,  creditors,  heirs or devisees of a deceased owner if it registers a transfer of the security in accordance with section 14-6307 and does so in good faith reliance on the registration,  on the requirements of this article and on information provided to it by affidavit of the personal representative of the deceased owner,  the surviving beneficiary or the surviving beneficiary's representatives or by other information available to the registering entity.
D. The protections of this section do not extend to a reregistration or payment made after a registering entity receives written notice that a claimant to any interest in the security objects to implementation of a registration in beneficiary form. No other notice or other information available to the registering entity affects its right to protection under this section.
E. This section does not affect the rights of beneficiaries in disputes between themselves and other claimants to ownership of the security transferred or its value or proceeds.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-6310 - Registrations; terms, conditions and forms

14-6310.
Registrations;  terms,  conditions and forms
A. A registering entity that offers to accept registrations in beneficiary form may establish the terms and conditions under which it will receive and implement these requests as well as requests for cancellation of previously registered transfer on death beneficiary designations and requests for reregistration to effect a change of beneficiary. The terms and conditions may provide for proving death,  avoiding or resolving any problems concerning fractional shares,  designating primary and contingent beneficiaries and substituting a named beneficiary's descendants to take in the place of the named beneficiary in the event of the beneficiary's death.
B. The registering entity may indicate a beneficiary substitution by appending to the name of the primary beneficiary the letters " LDPS"  or the words " lineal descendants per stirpes" . This designation substitutes a deceased beneficiary's descendants who survive the owner for a beneficiary who fails to survive,  with the descendants to be identified and to share in accordance with the law of the beneficiary's domicile at the owner's death governing inheritance by descendants of an intestate.
C. Other forms of identifying beneficiaries who are to take on one or more contingencies and rules for providing proofs and assurances needed to satisfy reasonable concerns by registering entities regarding conditions and identities relevant to accurate implementation of registrations in beneficiary form may be contained in a registering entity's terms and conditions.
D. The following are illustrations of registrations in beneficiary form that a registering entity may authorize:
1. Sole owner-sole beneficiary by John S Brown TOD (or POD) John S Brown Jr.
2. Multiple owners-sole beneficiary by John S Brown Mary B Brown JT TEN TOD John S Brown Jr.
3. Multiple owners-primary and secondary (substituted) beneficiaries by either:
(a) John S Brown Mary B Brown JT TEN TOD John S Brown Jr SUB BENE Peter Q Brown.
(b) John S Brown Mary B Brown JT TEN TOD John S Brown Jr LDPS.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-7401 - Definitions

14-7401.
Definitions
In this article,  unless the context otherwise requires:
1. " Accounting period"  means a calendar year unless another twelve month period is selected by a fiduciary and includes a portion of a calendar year or other twelve month period that begins when an income interest begins or ends when an income interest ends.
2. " Beneficiary"  includes,  in the case of a decedent's estate,  an heir,  legatee and devisee and,  in the case of a trust,  an income beneficiary and a remainder beneficiary.
3. " Fiduciary"  means a personal representative or a trustee and includes an executor,  an administrator,  a successor personal representative,  a special administrator and a person performing substantially the same function.
4. " Income"  means money or property that a fiduciary receives as current return from a principal asset and includes a portion of receipts from a sale,  exchange or liquidation of a principal asset,  to the extent provided in sections 14-7410 through 14-7424.
5. " Income beneficiary"  means a person to whom net income of a trust is or may be payable.
6. " Income interest"  means the right of an income beneficiary to receive all or part of net income,  whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.
7. " Mandatory income interest"  means the right of an income beneficiary to receive net income that the terms of the trust require the fiduciary to distribute.
8. " Net income"  means the total receipts allocated to income during an accounting period minus the disbursements made from income during the period,  plus or minus transfers under this article to or from income during the period.
9. " Person"  means any individual,  corporation,  business trust,  estate,  trust,  partnership,  limited liability company,  association,  joint venture,  government,  governmental subdivision,  agency or instrumentality,  public corporation or other legal or commercial entity.
10. " Principal"  means property held in trust for distribution to a remainder beneficiary when the trust terminates.
11. " Remainder beneficiary"  means a person entitled to receive principal when an income interest ends.
12. " Terms of a trust"  means the manifestation of the intent of a settlor or decedent with respect to the trust expressed in a manner that admits of its proof in a judicial proceeding,  whether by written or spoken words or by conduct.
13. " Trustee"  includes an original,  additional or successor trustee,  whether or not appointed or confirmed by a court.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-7402 - Fiduciary duties; general principles

14-7402.
Fiduciary duties;  general principles
A. In allocating receipts and disbursements to or between principal and income,  and with respect to any matter within the scope of sections 14-7405 through 14-7409,  a fiduciary:
1. Shall administer a trust or estate in accordance with the terms of the trust or the will,  even if there is a different provision in this article.
2. May administer a trust or estate by the exercise of a discretionary power of administration given to the fiduciary by the terms of the trust or the will,  even if the exercise of the power produces a result different from a result required or permitted by this article.
3. Shall administer a trust or estate in accordance with this article if the terms of the trust or the will do not contain a different provision or do not give the fiduciary a discretionary power of administration.
4. Shall add a receipt or charge a disbursement to principal to the extent that the terms of the trust and this article do not provide a rule for allocating the receipt or disbursement to or between principal and income.
B. In exercising the power to adjust under section 14-7403,  subsection A or a discretionary power of administration regarding a matter within the scope of this article,  whether granted by the terms of a trust,  a will or this article,  a fiduciary shall administer a trust or estate impartially,  based on what is fair and reasonable to all of the beneficiaries,  except to the extent that the terms of the trust or the will clearly manifest an intention that the fiduciary shall or may favor one or more of the beneficiaries. A determination in accordance with this article is presumed to be fair and reasonable to all of the beneficiaries.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-7406 - Distribution to residuary and remainder beneficiaries

14-7406.
Distribution to residuary and remainder beneficiaries
A. Each beneficiary described in section 14-7405,  paragraph 4 is entitled to receive a portion of the net income equal to the beneficiary's fractional interest in undistributed principal assets,  using values as of the distribution date. If a fiduciary makes more than one distribution of assets to beneficiaries to whom this section applies,  each beneficiary,  including one who does not receive part of the distribution,  is entitled,  as of each distribution date,  to the net income the fiduciary has received after the date of death or terminating event or earlier distribution date but has not distributed as of the current distribution date.
B. In determining a beneficiary's share of net income,  the following apply:
1. The beneficiary is entitled to receive a portion of the net income equal to the beneficiary's fractional interest in the undistributed principal assets immediately before the distribution date,  including assets that later may be sold to meet principal obligations.
2. The beneficiary's fractional interest in the undistributed principal assets must be calculated without regard to property specifically given to a beneficiary and property required to pay pecuniary amounts not in trust.
3. The beneficiary's fractional interest in the undistributed principal assets must be calculated on the basis of the aggregate value of those assets as of the distribution date without reducing the value by any unpaid principal obligation.
4. The distribution date for purposes of this section may be the date as of which the fiduciary calculates the value of the assets if that date is reasonably near the date on which assets are actually distributed.
C. If a fiduciary does not distribute all of the collected but undistributed net income to each person as of a distribution date,  the fiduciary shall maintain appropriate records showing the interest of each beneficiary in that net income.
D. A fiduciary may apply this section to the extent that the fiduciary considers it appropriate,  to net gain or loss realized after the date of death or terminating event or earlier distribution date from the disposition of a principal asset if this section applies to the income from the asset.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-7407 - When right to income begins and ends

14-7407.
When right to income begins and ends
A. An income beneficiary is entitled to net income from the date on which the income interest begins. An income interest begins on the date specified in the terms of the trust or,  if no date is specified,  on the date an asset becomes subject to a trust or successive income interest.
B. An asset becomes subject to a trust on any of the following dates:
1. The date it is transferred to the trust in the case of an asset that is transferred to a trust during the transferor's life.
2. The date of a testator's death in the case of an asset that becomes subject to a trust by reason of a will,  even if there is an intervening period of administration of the testator's estate.
3. The date of an individual's death in the case of an asset that is transferred to a fiduciary by a third party because of the individual's death.
C. An asset becomes subject to a successive income interest on the day after the preceding income interest ends,  as determined under subsection D,  even if there is an intervening period of administration to wind up the preceding income interest.
D. An income interest ends on the day before an income beneficiary dies or another terminating event occurs or on the last day of a period during which there is no beneficiary to whom a trustee may distribute income.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-7408 - Apportionment of receipts and disbursements when decedent dies or income interest begins

14-7408.
Apportionment of receipts and disbursements when decedent dies or income interest begins
A. A trustee shall allocate an income receipt or disbursement other than one to which section 14-7405,  paragraph 1 applies to principal if its due date occurs before a decedent dies in the case of an estate or before an income interest begins in the case of a trust or successive income interest.
B. A trustee shall allocate an income receipt or disbursement to income if its due date occurs on or after the date on which a decedent dies or an income interest begins and it is a periodic due date. An income receipt or disbursement must be treated as accruing from day to day if its due date is not periodic or it has no due date. The portion of the receipt or disbursement accruing before the date on which a decedent dies or an income interest begins must be allocated to principal and the balance must be allocated to income.
C. An item of income or an obligation is due on the date the payer is required to make a payment. If a payment date is not stated,  there is no due date for the purposes of this article. Distributions to shareholders or other owners from an entity to which section 14-7410 applies are deemed to be due on the date fixed by the entity for determining who is entitled to receive the distribution or,  if no date is fixed,  on the declaration date for the distribution. A due date is periodic for receipts or disbursements that must be paid at regular intervals under a lease or an obligation to pay interest or if an entity customarily makes distributions at regular intervals.
2023 Arizona Revised Statutes › Title 14 - Trusts, Estates and Protective Proceedings › § 14-7409 - Apportionment when income interest ends; definition

14-7409.
Apportionment when income interest ends;  definition
A. When a mandatory income interest ends,  the trustee shall pay to a mandatory income beneficiary who survives that date,  or the estate of a deceased mandatory income beneficiary whose death causes the interest to end,  the beneficiary's share of the undistributed income that is not disposed of under the terms of the trust unless the beneficiary has an unqualified power to revoke more than five per cent of the trust immediately before the income interest ends. In the latter case,  the undistributed income from the portion of the trust that may be revoked must be added to principal.
B. When a trustee's obligation to pay a fixed annuity or a fixed fraction of the value of the trust's assets ends,  the trustee shall prorate the final payment to the extent required by applicable law to accomplish a purpose of the trust or its settlor relating to income,  gift,  estate or other tax requirements.
C. For the purposes of this section,  " undistributed income"  means net income received before the date on which an income interest ends and does not include an item of income or expense that is due or accrued or net income that has been added or is required to be added to principal under the terms of the trust.