reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-186 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-186 - Annual audit and report

6-186.  Annual audit and report A. An audit of the affairs of the bank including an out-of-state bank shall be made annually as of the end of its fiscal year by or under the direction of the board of directors. The deputy director may prescribe certain minimum requirements of the audit and shall require the filing of a copy of the report covering the audit with the deputy director. The audit shall be filed with the deputy director not more than one hundred twenty days after the end of the bank's or out-of-state bank's fiscal year,  unless the deputy director extends the time period for good cause shown. The audit is not a substitute for or in lieu of the examination by the deputy director required by section 6-122. B. An out-of-state bank may satisfy an audit requirement by filing with the deputy director a copy of the audit report that is required by its home state regulator within fifteen days after filing that report with the home state.
AZ Rev Stat § 6-187 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-187 - Authority to declare dividends; limitation

6-187.  Authority to declare dividends;  limitation The board of directors of a bank may declare dividends as allowed by the general laws governing Arizona corporations,  except that dividends payable other than in the bank's own stock may be paid out of capital surplus only with the approval of the deputy director.
AZ Rev Stat § 6-188 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-188 - Bonds and insurance; coverage

6-188.  Bonds and insurance;  coverage The board of directors shall require protection and indemnity for the bank against defalcation,  forgery,  theft and other similar insurable losses,  with corporate insurance or surety companies authorized to do business in this state. Coverage against defalcation shall include all active officers and employees of the bank whether or not they draw salary or compensation.
AZ Rev Stat § 6-189 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-189 - Capital obligations; approval; convertibility

6-189.  Capital obligations;  approval;  convertibility A. A capital obligation is an unsecured indebtedness of the bank subordinate to the claims of depositors and all other creditors of the bank regardless of whether the claims arose before or after the issuance of the note or debenture representing the capital obligation. In the event of liquidation all depositors and other creditors of the bank are to be paid in full before any payment of principal or interest is made on capital obligations. B. No capital obligations shall be incurred without the prior order of approval of the deputy director. Capital obligations authorized by such order may be retired in accordance with the mandatory payment provisions of the obligation without further authorization. No payment shall be made under an optional right of payment reserved to the bank without the separate authorization of the deputy director,  which may be granted in the deputy director's initial order of approval or by subsequent order. C. Capital obligations may be convertible into shares of any class of stock in accordance with their terms approved by the deputy director. No shareholder has any preemptive right to purchase capital obligations or to purchase stock issued upon conversion of capital obligations unless provided by the articles of incorporation or specified in the corporate authority to incur the obligation.
AZ Rev Stat § 6-190 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-190 - Bank offices; standards and term of approval; closing; automated teller machines

6-190.  Bank offices;  standards and term of approval;  closing;  automated teller machines A. A bank may establish banking offices anywhere in the world with the authorization of the deputy director and on such conditions as the deputy director may prescribe. An application for a banking office shall be in writing in such form as the deputy director prescribes supported by such information,  data and records as the deputy director may require to make the findings necessary for approval. B. In granting the application for a banking office,  the deputy director shall be guided by the standards prescribed for the issuance of a banking permit insofar as such standards are reasonably applicable. C. The failure of a bank to open and operate a banking office within one year after the deputy director approves the application shall automatically terminate the approval,  except that the deputy director,  for good cause shown in writing made before the expiration of the one-year period,  may extend for additional periods not in excess of six months each the time in which the banking office may be opened. D. A bank may permanently close less than all of its banking offices on compliance with such requirements of notice as have been prescribed by the deputy director and such closing shall terminate the authority to maintain the office which is closed. E. A bank may establish or maintain an automated teller machine at locations other than its places of business. The bank must send a notification letter to the deputy director at least thirty days before the automated teller machine is established pursuant to this subsection. F. A bank may,  without the approval of the deputy director and through contractual agreement with one or more other banks or automated teller machine providers,  join in the operation of automated teller machine networks.
AZ Rev Stat § 6-191 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-191 - Foreign banking offices; additional powers; separate accounts; additional offices; definition

6-191.  Foreign banking offices;  additional powers;  separate accounts;  additional offices;  definition A. In addition to its other powers,  a bank may through any foreign banking office act as fiscal agent of the United States and,  except as prohibited or limited by regulations of the deputy director,  exercise such powers as are usual in connection with the business of banking in the places where such foreign banking office transacts its business. B. The accounts of each foreign banking office shall be maintained independently of the accounts of all other banking offices and the profit or loss of the office for each fiscal year shall be recorded as a separate item in the general ledger of the bank. C. A bank having a foreign banking office,  on thirty days' notice to the deputy director,  or such shorter notice as may be approved by the deputy director in individual cases,  may establish such additional banking office or offices as specified in the notice in the same country without filing an application for approval,  unless otherwise ordered by the deputy director. D. For the purposes of this section,  the term " foreign banking office"  means a banking office in a foreign country or in a dependency or insular possession of the United States.
AZ Rev Stat § 6-192 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-192 - Investments in international and foreign banking and financing corporations; limitation; consent; exceptions

6-192.  Investments in international and foreign banking and financing corporations;  limitation;  consent;  exceptions A. No bank,  without the consent of the deputy director,  may invest in stock or other evidence of ownership in any of the following: 1. Corporations organized under the laws of the United States or any state and principally engaged in international or foreign banking or in other international or foreign financial operations,  or in banking or other financial operations in a dependency or insular possession of the United States,  either directly or through the agency,  ownership or control of local institutions in foreign countries,  or in such dependencies or insular possessions. 2. Banks organized under the laws of a foreign country or a dependency or insular possession of the United States. No investment shall be made in a foreign bank if it is engaged directly or indirectly in any activity in the United States unless the activity is in the judgment of the deputy director,  incidental to the international or foreign business of such bank. B. The aggregate amount invested in all banks and corporations described in subsection A of this section shall not exceed,  at the time any such investment is made,  twenty-five percent of the capital account of the bank as defined in section 6-351. C. The consent of the deputy director for any investment under subsection A of this section shall be subject to such conditions as the deputy director prescribes in the deputy director's order of approval,  and the investment shall be subject to his regulations. D. The provisions of subsections A and B of this section shall not apply to shares or evidences of ownership acquired by a bank in the regular course of securing or collecting a debt contracted in good faith but shares or evidence of ownership acquired in collecting a debt shall be disposed of within a reasonable time unless otherwise lawfully held under subsections A and B of this section.
AZ Rev Stat § 6-193 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-193 - Bank and holding company subsidiaries; powers

6-193.  Bank and holding company subsidiaries;  powers A subsidiary of a bank or a nonbank subsidiary of a holding company may: 1. Deal in and underwrite all obligations issued or guaranteed by or on behalf of a state or a political subdivision of a state or an agency or instrumentality of either a state or political subdivision. 2. Organize,  sponsor,  operate and control an investment company,  as defined in section 3 of the investment company act of 1940 (15 United States Code section 80a-3),  and underwrite,  deal in,  sell and distribute,  as principal or agent,  or both,  the securities of such an investment company. 3. Deal in and underwrite: (a) Promissory notes secured by real estate mortgages. (b) Credit obligations secured by real or personal property or manufactured housing. (c) Participation interests in such notes and credit obligations. (d) Mortgage related payment bonds secured by such notes or participation interests. 4. Underwrite,  deal in,  sell and distribute,  as principal or agent,  or both,  commercial paper issued by any entity.
AZ Rev Stat § 6-201 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-201 - Authority to engage in banking business; exception

6-201.  Authority to engage in banking business;  exception A. No person,  except a national banking association with its home office in this state or bank authorized to do business in this state pursuant to section 6-217 or section 6-322,  subsection A,  shall engage in the banking business in this state without a banking permit. B. For the purposes of this section,  a person engaged in the business of receiving money on deposit subject to payment by check or any other form of order or request or on presentation of a certificate of deposit or any other evidence of debt is engaged in the banking business. C. Nothing in this section shall prohibit a savings and loan association qualified to do business in this state from performing any acts authorized by chapter 3 of this title,  a credit union qualified to do business in this state from performing any act authorized by chapter 4 of this title,  a licensee or authorized delegate under chapter 12 of this title from performing any act regulated by that chapter or a trust company qualified to do business in this state that maintains savings accounts or time deposits pursuant to section 6-882 from performing any act authorized by chapter 8 of this title.
AZ Rev Stat § 6-202 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-202 - Existing banks

6-202.  Existing banks The authority under which an existing bank is engaged in the banking business or the banking and trust business under the laws of this state before August 8,  1973 shall continue in full force and effect. The deputy director,  may,  and shall on request,  issue a banking permit to such bank to evidence such authority without any further act on the part of the bank or the payment of any fee.
AZ Rev Stat § 6-203 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-203 - Application for banking permit; organizational application; final application

6-203.  Application for banking permit;  organizational application;  final application A. Except as otherwise provided in this section,  an application for a banking permit or amendment to a banking permit shall be in writing,  in such form as the deputy director may prescribe,  and shall be supported by such information,  data and records as the deputy director may require to make the findings necessary for the issuance or amendment of the permit. B. The deputy director shall establish an organizational application process and a final application process for new banking permit applications. The organizational application must include: 1. The historical description of the organizing group. 2. The proposed type of regulatory filing for the bank. 3. The proposed committee structure and its membership. 4. The completed biographical and financial report for each organizer. 5. The completed background permission form for each organizer. 6. The business plan summary. 7. The financial plan reflecting both the objectives of the strategic plan and the bank's capital adequacy under the current capital guidelines. 8. The projected organizational budget for the project. 9. The articles of incorporation and the bylaws of the organizing corporation. 10. The proposed offering circular,  escrow account information and stock certificate. C. The department may accept an organizational application for a new banking permit without simultaneously filing with the federal deposit insurance corporation. D. The final application for a new banking permit may begin at any time during the organizational phase. The required capital must be raised during the final application process.
AZ Rev Stat § 6-205 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-205 - Term of permit; surrender; revocation

6-205.  Term of permit;  surrender;  revocation A. A banking permit shall be valid until surrendered to the deputy director or revoked by the deputy director. B. A banking permit may not be surrendered to the deputy director until such time as the deputy director finds that all of the deposit liabilities of the bank have been satisfied in full or assumed by another bank. C. A banking permit expires automatically when a bank is placed in receivership.
AZ Rev Stat § 6-211 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-211 - Definitions

6-211.  Definitions In this article,  unless the context otherwise requires: 1. " Converting bank"  means a bank converting from a national to a state bank,  or the reverse. 2. " In-state financial institution"  means a state or national bank or savings and loan association with its home office in this state,  or holding company with its home office in this state. 3. " Merger"  includes consolidation. 4. " National bank"  means a national banking association located in this state. 5. " Out-of-state financial institution"  means a state or national bank or savings and loan association with its home office in a state other than this state,  or holding company with its home office in a state other than this state. 6. " Resulting bank"  means the bank resulting from a merger or conversion. 7. " State bank"  means a corporation holding a banking permit under the laws of this state.
AZ Rev Stat § 6-212 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-212 - Resulting national bank

6-212.  Resulting national bank Nothing in the law of this state shall restrict the right of a state bank to merge with or convert into a national bank. The action to be taken by such merging or converting state bank and its rights and liabilities and those of its stockholders shall be as prescribed at the time of the action by the law of the United States,  but the state bank shall give notice to the deputy director of the adoption by its board of directors of any plan of merger or conversion.
AZ Rev Stat § 6-215 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-215 - Retention of nonconforming assets; permission; maximum value

6-215.  Retention of nonconforming assets;  permission;  maximum value If a merging or converting bank has assets that do not conform to the requirements of law for a state bank or if assets acquired by a state bank in the transaction of its assuming deposit liabilities of another bank do not conform to such legal requirements,  the deputy director may allow the resulting bank to retain such assets for a reasonable time,  but shall fix the maximum value at which the assets may be carried by the resulting or assuming bank.
AZ Rev Stat § 6-216 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-216 - Continuation of business and corporate entity

6-216.  Continuation of business and corporate entity A resulting state bank shall be considered the same business and corporate entity as each merging bank or converting bank. All rights of property,  franchises and interests of each merging bank or the converting bank shall be transferred to and vested in the resulting state bank by virtue of such merger or conversion without any deed or other transfer. The resulting state bank,  without any order or other action on the part of any court,  shall hold and enjoy all rights of property,  franchises and interests,  including appointments,  designations and nominations,  and all other rights and interests as trustee,  executor,  administrator,  conservator,  guardian,  registrar of stocks and bonds,  assignee,  receiver and in every other fiduciary capacity,  in the same manner and to the same extent as such rights,  franchises and interests were held or enjoyed by any one of the merging banks or the converting bank at the time of the merger or conversion. Any reference to the merging bank or converting bank in any contract,  will or other document,  whether executed or effective before or after the merger or conversion,  shall be a reference to the resulting bank.
AZ Rev Stat § 6-217 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-217 - Emergency acquisition of in-state financial institution

6-217.  Emergency acquisition of in-state financial institution A. Notwithstanding any other provisions of law,  an in-state financial institution or out-of-state financial institution may acquire an in-state financial institution if the deputy director determines that both of the following exist: 1. The in-state financial institution proposed to be acquired is in danger of being placed in receivership by the deputy director or the relevant federal agency. 2. The acquisition is necessary to protect the financial interests of the in-state financial institution's depositors and creditors. B. The deputy director shall make the deputy director's final determination under this section in writing.
AZ Rev Stat § 6-231 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-231 - Deposit accounts

6-231.  Deposit accounts A bank may maintain all types of deposit accounts and prescribe such terms and conditions relating to the accounts as are permissible for the bank to maintain the insurance on its deposits by the federal deposit insurance corporation.
AZ Rev Stat § 6-232 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-232 - Powers of attorney; notice of revocation; payment after notice

6-232.  Powers of attorney;  notice of revocation;  payment after notice A. A bank may continue to recognize any act of a depositor's agent as authorized by the depositor in writing to the bank until the bank receives a written notice of revocation signed by the individual depositor who granted the authority or,  in the case of a corporation,  partnership or association,  evidence satisfactory to the bank of such revocation. B. Notwithstanding that a bank has received written notice of revocation of the authority of such agent,  it may,  until ten days after receipt of such notice,  pay any item made,  drawn,  accepted or indorsed by such agent prior to such revocation,  provided that such item is otherwise properly payable.
AZ Rev Stat § 6-233 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-233 - Adverse claim to bank deposit; court order required; definitions

6-233.  Adverse claim to bank deposit;  court order required;  definitions A. Notice to a bank of an adverse claim is not sufficient to require the bank to refuse to honor the order of any person to whose credit the account stands or who has prior authority on the books of the bank to operate the account,  nor is such notice sufficient to require the bank to recognize the adverse claimant in any respect,  unless the bank is directed to do so by a lawful order of a court in the United States. In the absence of such court order the bank may refuse to honor the order on the account by any person. B. For the purposes of this section: 1. " Adverse claim"  means a claim by any person who asserts the right to all or part of a deposit account to the exclusion of anyone to whose credit the account stands on the records of the bank. " Adverse claim"  also includes conflicting claims of any persons to the right to operate an account. 2. " Adverse claimant"  means any person asserting an adverse claim.
AZ Rev Stat § 6-234 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-234 - Deposit of minor; school saving plan

6-234.  Deposit of minor;  school saving plan A. A bank may operate a deposit account in the name of a minor or in the name of two or more persons,  one or more of whom are minors,  and all rights and liabilities of the bank and any depositor arising out of such account and any act of the parties in relation thereto shall be of the same legal effect as if the minor is of full legal age. B. Subject to such regulations as the deputy director may prescribe for the protection of depositors,  a bank may contract with the proper authorities of any elementary or secondary school,  or of any institution caring for minors,  for the participation by the bank in any school or institutional thrift or savings plan,  and it may accept deposits at such a school or institution,  either by its own collector or by any representative of the school or institution who becomes the agent of the bank for such purpose.
AZ Rev Stat § 6-235 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-235 - Bank deposits in two or more names; payment to survivor

6-235.  Bank deposits in two or more names;  payment to survivor Bank deposits may be made in the name of two or more persons,  including minors,  payable to either or any of them,  or payable to either or any of the survivors or the sole survivor,  and the deposits or any part thereof and any interest thereon,  may be paid to or on order of any of the persons whether the other or others are living or not. The receipt,  order or acquittance of the persons so paid is a valid and sufficient release and discharge to the bank for any payments so made.