There is a newer version of the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 6 Banks and Financial Institutions
6-205 Term of permit; surrender; revocation
AZ Rev Stat § 6-205 (through 2nd Reg Sess. 50th Leg. 2012) What's This?
6-205. Term of permit; surrender; revocation
A. A banking permit shall be valid until surrendered to the superintendent or revoked by him.
B. No banking permit may be surrendered to the superintendent until such time as the superintendent 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.
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.
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