Arizona § 6-144 Acquisition of control; approval of deputy director

Arizona Statutes

§ 6-144 — Acquisition of control; approval of deputy director

Arizona § 6-144

Title 6Arizona Revised Statutes

Ch. 1FINANCIAL INSTITUTIONS DIVISION

Art. 4Acquisition of Control of a Bank, Trust Company or Savings and Loan Association

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Bluebook

Ariz. Rev. Stat. Ann. § 6-144 (2026).

Text

A person shall not, directly or indirectly, make a tender offer for, request or invite a tender offer for, offer to exchange securities for or acquire in the open market or otherwise, any voting security or any security convertible into a voting security of a bank, trust company, savings and loan association or controlling person if such a transaction would result in the person acquiring control of a bank, trust company or savings and loan association or controlling person unless the deputy director has approved such acquisition of control, except that this section does not prohibit a person from negotiating or entering into agreements subject to the condition that the acquisition of control will not be effective until approval of the deputy director is obtained.

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A person shall not, directly or indirectly, make a tender offer for, request or invite a tender offer for, offer to exchange securities for or acquire in the open market or otherwise, any voting security or any security convertible into a voting security of a bank, trust company, savings and loan association or controlling person if such a transaction would result in the person acquiring control of a bank, trust company or savings and loan association or controlling person unless the deputy director has approved such acquisition of control, except that this section does not prohibit a person from negotiating or entering into agreements subject to the condition that the acquisition of control will not be effective until approval of the deputy director is obtained.