2012 Arizona Revised Statutes
Title 6 Banks and Financial Institutions
6-497 Effect on existing associations
6-497. Effect on existing associations
With respect to any existing association:
1. The valid articles of incorporation, bylaws, shares, contracts and obligations of such association shall continue in full force and effect; but the association shall be operated and regulated in accordance with the provisions of this chapter.
2. If the association accepts the benefits of, or avails itself of the powers given by, this chapter, the association shall be subject to the provisions and requirements of this chapter in every particular, as if the association had been organized under this chapter.
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.
