2010 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
6-410 Superintendent's approval and issuance of permit to organize
|
6-410. Superintendent's approval and issuance of permit to organize The superintendent shall not approve the application and issue a permit to organize unless he shall find: 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. |
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
