There is a newer version
of
this Section
2021 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-395.13 - Voluntary liquidation and dissolution
Universal Citation: AZ Rev Stat § 6-395.13 (2021)
6-395.13. Voluntary liquidation and dissolution
A bank may voluntarily dissolve and wind up its affairs as any other corporation under the provisions of title 10, but a plan of liquidation or dissolution shall not be submitted to the stockholders until the deputy director on application by the bank finds that the bank has assets of such a form and amount as to allow the satisfaction in full of the claims of all depositors in accordance with their rights and that the plan contains proper provision for the satisfaction.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.