Arizona § 6-217 Emergency acquisition of in-state financial institution

Arizona Statutes

§ 6-217 — Emergency acquisition of in-state financial institution

Arizona § 6-217

Title 6Arizona Revised Statutes

Ch. 2BANK ORGANIZATION AND REGULATION

Art. 3Merger, Consolidation and Conversion of National and State Banks

This text of Arizona § 6-217 (Emergency acquisition of in-state financial institution) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 6-217 (2026).

Text

A.Notwithstanding any other provisions of law, an in-state financial institution or out-of-state financial institution may acquire an in-state financial institution if the deputy director determines that both of the following exist:

1.The in-state financial institution proposed to be acquired is in danger of being placed in receivership by the deputy director or the relevant federal agency.

2.The acquisition is necessary to protect the financial interests of the in-state financial institution's depositors and creditors.

B.The deputy director shall make the deputy director's final determination under this section in writing.

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A. Notwithstanding any other provisions of law, an in-state financial institution or out-of-state financial institution may acquire an in-state financial institution if the deputy director determines that both of the following exist:

1. The in-state financial institution proposed to be acquired is in danger of being placed in receivership by the deputy director or the relevant federal agency.

2. The acquisition is necessary to protect the financial interests of the in-state financial institution's depositors and creditors.

B. The deputy director shall make the deputy director's final determination under this section in writing.