Arizona Laws 6-492. Appeals
A. An appeal from an order of the superior court approving a plan shall not be effectual for any purpose, unless within thirty days after the entry of the order the appellant files with the clerk of the court a bond with a surety company authorized by law to transact business in this state as surety thereon to the effect that the appellant, in the event the order is affirmed on appeal, will pay all costs and expenses, including attorneys’ fees, arising from the appeal, and also all losses and damages to the holders of accounts and shares of guaranty capital, creditors and other persons affected by the plan, arising from any delay in consummating the plan caused by the appeal. The form and amount of the bond shall be approved by the superior court, but the bond shall not be for an amount less than one per cent of the total liabilities of the association.
Terms Used In Arizona Laws 6-492
- Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Association: means every association to which this chapter applies as defined in the section concerning scope of chapter. See Arizona Laws 6-401
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
B. Appeals from orders approving plans shall be given preference to other appeals except contested election cases and cases in which the state is a party.