Arizona § 6-414 Members

Arizona Statutes

§ 6-414 — Members

Arizona § 6-414

Title 6Arizona Revised Statutes

Ch. 3SAVINGS AND LOAN ASSOCIATIONS

Art. 3Membership and Management

This text of Arizona § 6-414 (Members) 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. § 6-414 (2026).

Text

A.The membership of an association shall consist of:

1.Every holder of an account or one or more shares of guaranty capital issued by the association.

2.Every borrower from the association, as long as his loan remains unpaid and he remains liable to the association for the payment thereof, and every obligor of an investment made by the association. Each of such members shall be known as a borrowing member.

B.Each joint ownership and each joint obligation shall constitute one membership.

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

A. The membership of an association shall consist of:

1. Every holder of an account or one or more shares of guaranty capital issued by the association.

2. Every borrower from the association, as long as his loan remains unpaid and he remains liable to the association for the payment thereof, and every obligor of an investment made by the association. Each of such members shall be known as a borrowing member.

B. Each joint ownership and each joint obligation shall constitute one membership.