Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 6. Banks and Financial Institutions |
Chapter 2. BANK ORGANIZATION AND REGULATION |
Article 7. Arizona Interstate Bank and Savings and Loan Association Act |
Sec 6-324. De novo entry by certain financial institutions
Latest version.
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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.