Arizona § 6-205 Term of permit; surrender; revocation

Arizona Statutes

§ 6-205 — Term of permit; surrender; revocation

Arizona·Title 6 Arizona Revised Statutes·Ch. 2 BANK ORGANIZATION AND REGULATION·Art. 2 Banking Permit

A.A banking permit shall be valid until surrendered to the deputy director or revoked by the deputy director.

B.A banking permit may not be surrendered to the deputy director until such time as the deputy director finds that all of the deposit liabilities of the bank have been satisfied in full or assumed by another bank.

C.A banking permit expires automatically when a bank is placed in receivership.

Free access — add to your briefcase to read the full text and ask questions with AI

A. A banking permit shall be valid until surrendered to the deputy director or revoked by the deputy director.

B. A banking permit may not be surrendered to the deputy director until such time as the deputy director finds that all of the deposit liabilities of the bank have been satisfied in full or assumed by another bank.

C. A banking permit expires automatically when a bank is placed in receivership.

Arizona § 6-205 (Term of permit; surrender; revocation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.