A. When an assignee has in his possession funds of the estate of the assignor in an amount sufficient to pay ten per cent of the indebtedness of the assignor, he shall make a pro rata distribution of the funds among the creditors.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Arizona Laws 44-1045

B. The assignee shall receive reasonable compensation for his services and the necessary costs and expenses, including attorney’s fees, of administering the assigned estate, to be allowed by the superior court.