Legal Question in Business Law in Arizona

You would be bound by AZ law and the rules applicable to the particular legal entity which the company used for its formation. If you have creditors with a secured interest in the inventory, they would have first right to take the inventory. If you have creditors that are not secured, they may still have the first right to the inventory. The rules that will control and give you the answer are those that control the dissolution of the company. Those rules determine if you, as a creditor of the company can use the inventory for repayment of loans you made to the company.