2012 Arizona Revised Statutes
Title 6 Banks and Financial Institutions
6-331 Enforcement
6-331. Enforcement
A. If the superintendent determines that a branch that is maintained in this state by an out-of-state bank is being operated in violation of any law of this state or any rule adopted by this state or that the branch is being operated in an unsafe or unsound manner, the superintendent has authority to take all enforcement actions against that branch as if the branch were regulated pursuant to section 6-201.
B. The superintendent shall promptly notify the regulatory agency of the out-of-state bank's home state of each enforcement action taken against the out-of-state bank and to the extent practicable shall consult and cooperate with the regulatory agencies of the out-of-state bank in pursuing and resolving any enforcement actions.
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