Arizona § 6-410 Deputy director's approval and issuance of permit to organize

Arizona Statutes

§ 6-410 — Deputy director's approval and issuance of permit to organize

Arizona § 6-410

Title 6Arizona Revised Statutes

Ch. 3SAVINGS AND LOAN ASSOCIATIONS

Art. 2Formation and Licensing

This text of Arizona § 6-410 (Deputy director's approval and issuance of permit to organize) 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. § 6-410 (2026).

Text

The deputy director shall not approve the application and issue a permit to organize unless the deputy director finds:

1.A need exists for an association, and that the public convenience and advantage will be promoted by the proposed association, in the community or area of operation stated in the application.

2.The proposed capital meets the requirements of this chapter.

3.The general character of the proposed management is such as to assure reasonable probability of the success of the association.

4.The name of the proposed association is not the same as, or deceptively similar to, the name of any other association or bank in the community or area of operation.

5.Such association can be established without undue injury to properly conducted existing associations.

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The deputy director shall not approve the application and issue a permit to organize unless the deputy director finds:

1. A need exists for an association, and that the public convenience and advantage will be promoted by the proposed association, in the community or area of operation stated in the application.

2. The proposed capital meets the requirements of this chapter.

3. The general character of the proposed management is such as to assure reasonable probability of the success of the association.

4. The name of the proposed association is not the same as, or deceptively similar to, the name of any other association or bank in the community or area of operation.

5. Such association can be established without undue injury to properly conducted existing associations.