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2022 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-324 - De novo entry by certain financial institutions
Universal Citation:
AZ Rev Stat § 6-324 (2022)
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6-324. De novo entry by certain financial institutions
An out-of-state financial institution may establish a bank, savings and loan association or holding company in this state through de novo entry subject to the applicable laws of this state. An in-state financial institution may not be acquired for operation as a branch by an out-of-state financial institution until it has been in continuous operation for five or more years on the date of the proposed acquisition.
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