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2012 Arizona Revised Statutes
Title 6 Banks and Financial Institutions
6-497 Effect on existing associations

Universal Citation:
AZ Rev Stat § 6-497 (through 2nd Reg Sess. 50th Leg. 2012)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

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.

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