ARS § 6-394
A person cannot own or control a financial institution while also having an interest in an insurer that insures that institution’s deposit accounts. An insurer of those deposit accounts, unless it is a federal insurance corporation, must keep assets and reserves at least equal to 50% of the insured institution’s withdr
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- Jurisdiction
- United States — Arizona
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.
Statute overview
About this statute
A person cannot own or control a financial institution while also having an interest in an insurer that insures that institution’s deposit accounts. An insurer of those deposit accounts, unless it is a federal insurance corporation, must keep assets and reserves at least equal to 50% of the insured institution’s withdrawal accounts or investment certificates.
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ARS § 6-394
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