reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-461 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-461 - Existing associations; adoption of articles and by-laws

6-461.  Existing associations;  adoption of articles and by-laws Any existing association may,  at an annual or special meeting,  amend its present articles of incorporation or other instruments concerning organization by adopting articles of incorporation containing the provisions enumerated in section 6-413. The procedure to be followed in adopting or amending articles of incorporation shall be that prescribed in section 6-460.
AZ Rev Stat § 6-462 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-462 - Conversion from state to federal association

6-462.  Conversion from state to federal association Any association operating under this chapter may become a federal association pursuant to the laws and regulations of the United States and in accordance with the following procedure: 1. The board of directors shall approve a plan of conversion by resolution adopted by majority vote of all of the directors. The plan shall set forth,  among other terms: (a) A financial statement of the association as of the last business day of the month preceding the adoption of the plan. (b) The disposition of withdrawable capital and guaranty capital,  if any. (c) Adjustments,  if any,  in the value of accounts when exchanged for comparable accounts in the federal association. (d) The disposition of any segregated surplus established under section 6-426. (e) The disposition of any obligations or liabilities. 2. Such plan and resolution shall be submitted to the deputy director at least fifteen days prior to the members' meeting at which action of members is to be taken. 3. If the plan of conversion provides for no adjustment in the accounts of members and all obligations and liabilities are to be assumed by the federal association,  the deputy director's approval of the plan of conversion shall not be required. 4. If the plan of conversion adjusts values of any type of capital,  or if the association has a segregated surplus,  such plan of conversion shall be subject to the approval of the deputy director. Approval shall be given in such case if the deputy director finds that the plan is equitable and protects the rights of all persons affected,  including such contingent interests as theretofore may have been created in the segregated surplus,  if any. 5. After receipt of such approval from the deputy director,  if required,  the plan of conversion may be submitted at an annual or special meeting of the members. The plan will be adopted on receiving,  in the affirmative,  fifty-one percent or more of the total number of votes that all members of the association are entitled to cast. A report of proceedings at the meeting,  certified by the president or a vice president and attested by the secretary,  shall be filed promptly with the deputy director. 6. Within ninety days after the date of the meeting,  the association shall take the action prescribed and authorized by the laws and regulations of the United States to complete its conversion to a federal association. 7. On receipt of a federal charter,  the association shall file promptly with the deputy director and the corporation commission either a copy of said charter or a certificate of the appropriate federal officer setting forth the facts concerning the issuance of such charter and on recording said charter in the same manner as is required for the association's articles of incorporation,  the association shall cease to be a state chartered association.
AZ Rev Stat § 6-463 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-463 - Conversion from federal to state association

6-463.  Conversion from federal to state association A. Any federal association may become an association operating under this chapter,  pursuant to the laws and regulations of the United States and in accordance with the following procedure: 1. The board of directors shall by a majority vote of all the directors adopt by resolution a plan of conversion which shall set forth among other terms: (a) A financial statement of the association as of the last business day of the month preceding the adoption of the plan. (b) The disposition of the withdrawable value of all accounts,  general and other reserves and surplus. (c) The disposition of any obligation or liabilities. (d) The disposition of the assets of the association. 2. Such plan and resolution shall be submitted to the deputy director at least fifteen days prior to the members' meeting at which action of the members is to be taken. If the deputy director,  after appropriate examination,  finds that the association complies sufficiently with the requirements of this chapter to entitle it to become an association operating under this chapter,  the deputy director shall approve the plan of conversion. The deputy director may prescribe terms and conditions,  to be fulfilled either prior to or after the conversion,  to cause the association to conform with the requirements of this chapter. 3. After receipt of the deputy director's approval,  the plan of conversion may be submitted at an annual or special meeting of the members. The plan will be adopted on receiving,  in the affirmative,  fifty-one percent or more of the total number of votes that all members of the association are entitled to cast. Thereupon,  such action shall be taken by the members to adopt articles of incorporation,  to elect directors,  to adopt bylaws,  and to elect officers,  as is prescribed for a new association in article 2 of this chapter. A report of proceedings at such meeting,  certified by the president or a vice president and attested by the secretary,  shall be filed promptly with the deputy director. 4. If the deputy director finds that such proceedings have been in accordance with this section,  the deputy director shall issue a certificate authorizing the filing of the articles of incorporation with the corporation commission and the taking of the other steps required by title 10,  to complete the formation of a corporation. On the issuance of a certificate of incorporation by the corporation commission,  the deputy director shall issue a certificate of conversion. 5. The expenses of any examination made by or at the direction of the deputy director in connection with the conversion shall be paid by the converting association as a fee for special examination as authorized by section 6-125. B. The conversion shall be effective on the compliance with the laws and regulations of the United States and the provisions of this section.
AZ Rev Stat § 6-464 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-464 - Effect of conversion

6-464.  Effect of conversion When an association effects a conversion in accordance with either of the two preceding sections,  the corporate functions of such association shall not be interrupted;  but the identity of the association under a new name and new jurisdiction shall continue,  together with all of the obligations and liabilities of the association with such revision of the corporate structure as may have been authorized;  and all of its rights and interests in and to every kind of property,  real,  personal or mixed,  shall continue without the necessity of a deed or other transfer. Any reference to the association before conversion,  contained in any writing,  whether executed or effective before or after the conversion,  shall be deemed a reference also to the association after conversion,  if not inconsistent with the other provisions of such writing. No pending action or other judicial proceeding to which the association is a party shall be abated or discontinued by reason of such conversion,  but the same may be prosecuted to final judgment,  order,  or decree in the same manner as if such conversion had not occurred.
AZ Rev Stat § 6-466 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-466 - Effect of merger

6-466.  Effect of merger A. The continuing association or corporation shall be considered the same business and corporate entity as each merging association or corporation,  with all of the property,  rights,  powers,  duties,  and obligations of each merging association or corporation,  except as otherwise provided by the articles of incorporation of the continuing association or corporation. B. All liabilities of each of the merging associations or corporations are liabilities of the continuing association or corporation. All of the rights,  franchises,  and interests of each of the merging associations or corporations in and to every kind of property,  real,  personal or mixed,  shall vest automatically in the continuing association or corporation,  without any deed or other transfer. C. Any reference to a merging association or corporation in any writing,  whether executed or effective before or after the merger,  shall be deemed a reference to the continuing association or corporation,  if not inconsistent with the other provisions of such writing. D. No pending action or other judicial proceeding to which any merging association or corporation is a party shall be abated or discontinued by reason of the merger,  but may be prosecuted to final judgment,  order or decree in the same manner as if the merger had not occurred.
AZ Rev Stat § 6-467 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-467 - Authority to liquidate

6-467.  Authority to liquidate An association may liquidate voluntarily in accordance with a plan of voluntary liquidation which has been adopted in the manner provided in this article.
AZ Rev Stat § 6-468 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-468 - Decision to liquidate; adoption of plan

6-468.  Decision to liquidate;  adoption of plan A. At any annual or special meeting of the members,  the members may vote to liquidate the association,  and may adopt a plan of liquidation that has been approved by the board of directors,  or proposed by one or more shareholders,  or submitted by the deputy director or may elect a committee of three persons to prepare and submit a plan,  and thereafter may adopt such plan. No plan except one submitted by the deputy director shall be adopted unless it has been filed with the deputy director at least ten days before the vote of the members is taken thereon. B. A plan will be adopted on receiving in the affirmative two-thirds or more of the total number of votes that all members of the association are entitled to cast. C. The plan of voluntary liquidation shall provide for the full liquidation of the association,  setting forth the powers,  duties,  manner of filling vacancies,  and succession of the liquidators and authorizing them to: 1. Advance funds of the association to preserve,  protect,  or purchase at any sale any asset in which the association has an interest. 2. Sell,  convey,  lease,  mortgage,  or exchange any assets for other assets. 3. Sell and dispose of any assets at public sale to the highest and best bidder or at private sale for the highest price obtainable. 4. Accept withdrawable capital of the association to apply on the purchase price of any assets,  but only for such relative values as may be approved by the deputy director from time to time. Notice by single publication or by mailing,  stating the time,  place and terms of the sale,  shall be given to all holders of withdrawable capital prior to the sale. 5. Pay out of the proceeds of liquidation all expenses and services necessary to the liquidation,  and also compensation of the liquidators. Compensation of the liquidators,  exclusive of compensation for legal services and other specialized employment,  shall not exceed in the aggregate three percent of the proceeds of liquidation.
AZ Rev Stat § 6-469 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-469 - Election of liquidators; report; supervision

6-469.  Election of liquidators;  report;  supervision A. On adoption of a plan of voluntary liquidation,  the members shall proceed to elect,  with cumulative voting allowed as in elections of directors,  not more than three liquidators,  who shall have full power to execute the plan. The procedure thereafter shall be as follows: 1. A report of proceedings at the meeting of members,  certified by the presiding officer of the meeting and attested by the secretary of the meeting,  and setting forth the notice given and time of mailing thereof,  the vote on the plan of voluntary liquidation,  the total number of votes that all members of the association were entitled to cast thereon,  and the names of the liquidators elected,  shall be filed in triplicate with the deputy director,  together with the plan. 2. If the deputy director finds that the plan and proceedings are in accordance with this article,  that the bonds of the liquidators are sufficient,  and that the plan is not unfair to any person affected,  the deputy director shall attach the deputy director's certificate of approval to the plan and shall forward one copy to the liquidators,  and in the case of an insured association,  one copy to the insurance corporation. 3. The expenses of any examination made by or at the direction of the deputy director in connection with any voluntary dissolution shall be paid as a claim by the liquidators in accordance with the fees fixed for special examinations by section 6-125. 4. The plan shall become effective on filing with the corporation commission of the deputy director's certificate of approval. B. The liquidation of the association shall be subject to the supervision and examination of the deputy director.
AZ Rev Stat § 6-470 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-470 - Protection and liquidation of assets

6-470.  Protection and liquidation of assets The liquidators are authorized to advance funds of the association and to take such other action as is advisable to preserve,  protect,  or purchase at any sale any real estate or other asset upon which the association may hold any lien or encumbrance or in which it may have an interest. The liquidators may sell,  convey,  lease,  mortgage or exchange any assets so purchased or other assets;  and in furtherance of the liquidation of the association,  may sell and dispose of any of its assets at public sale to the highest and best bidder;  or may sell any such assets at private sale for the highest price obtainable. No purchaser shall be required to ascertain the application of the purchase price.
AZ Rev Stat § 6-471 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-471 - Filing and payment of claims

6-471.  Filing and payment of claims A. The liquidators shall fix a time for all persons having claims against the association,  other than as members thereof,  to present such claims,  and shall cause notice to be published,  requiring all persons to present the claims on or before such date,  and within five days after the first publication shall mail a copy of such notice to each person whose name appears on the association's records as having a claim. Each claim shall be in writing and verified by the claimant or a duly authorized agent. A claim may be presented at any time on or before the date fixed in the published notice,  but any claim not so presented shall be barred. Upon the disallowance of any claim,  the liquidators immediately shall notify the claimant of such fact,  and the claimant may institute suit to establish such claim at any time before the final distribution. B. Whether a member files or does not file a claim with respect to an interest which he has as such member,  the liquidators shall determine from the records of the association the amount of such member's claim. Any such member may examine the association's records pertaining to his own claim. The records of the association shall be prima facie evidence of each such claim or interest,  and no member shall be entitled to a greater claim or proportionate interest in the association unless and until the liquidators shall have agreed to a correction of the records pertaining to such claim or interest,  or shall be ordered to correct such records by a court of competent jurisdiction. The liquidators shall require all members to present their certificates or account books for verification and endorsement upon payment of any liquidating dividend or distribution;  and upon final distribution,  such certificates or account books shall be surrendered to the liquidators. C. Claims having a preference in law shall be given preference in payment;  except that no payment of less than ten dollars need be made until final distribution. No distribution shall be made on claims for withdrawable capital until such preferred claims have been paid or provided for in full,  or during the pendency of any suit unless sufficient funds are segregated to pay any judgment which may be rendered in such suit. Ratable payments and distributions on withdrawable capital may be made at any time after the time fixed for the presentment and allowance of claims has elapsed. Holders of guaranty capital,  if any,  shall participate in the liquidation of the remaining assets after payment or provision for payment has been made in full to all creditors,  holders of withdrawable capital,  and any claims which the holders may have in the balance of any segregated reserves. Final distribution shall be made in accordance with section 6-472.
AZ Rev Stat § 6-472 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-472 - Final distribution and dissolution

6-472.  Final distribution and dissolution When all assets have been liquidated and all expenses,  claims and holders of withdrawable capital have been paid,  dissolution of the association shall be accomplished in the following manner: 1. The liquidators shall file with the deputy director the duly verified final report of their acts and proposed final distribution. 2. On the deputy director's approval of the final report,  the liquidators shall publish notice of the proposed final distribution and shall allow any holder of shares of guaranty capital to examine the records of the association to ascertain the holder's proper share of such distribution. Any such shareholder who fails to commence,  before the date fixed for final distribution,  appropriate judicial proceedings to contest such distribution,  shall be barred from contesting the same thereafter. The liquidators shall proceed to make final distribution on the date fixed therefor,  except that such distribution shall be deferred until final disposition of any pending judicial action affecting the distribution,  and payment,  of any judgment entered therein. 3. When final distribution has been made,  except as to any money due to,  but unclaimed by,  any creditor,  member,  or other person,  the liquidators shall deposit such unclaimed money with the deputy director,  for payment to the person or persons entitled thereto on application and proof of right as provided by law. 4. The liquidators also shall deliver to the deputy director all books of account and other records of the association,  for preservation for at least two years and destruction thereafter as provided by law. 5. On completion of the foregoing procedure,  the liquidators shall be discharged. The deputy director thereupon shall issue a certificate of dissolution of the association and shall file a copy thereof with the corporation commission and record a copy in the office of the county recorder of each county in which the original articles of incorporation were recorded. On such filing and recording,  the dissolution shall be effective. No fees shall be required for such filing and recording.
AZ Rev Stat § 6-474 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-474 - Accounting practices and records

6-474.  Accounting practices and records A. Every association shall maintain in this state a detailed record of all transactions of the association at its home office,  or at a branch office or at a central accounting or computer center servicing one or more associations,  provided that general accounting records and their maintenance shall not be transferred by an association from its home office to a branch office,  or from a branch office to its home office or to another branch office or to a central accounting or computer center,  unless and until: 1. The board of directors of the association has by resolution authorized such transfer and maintenance. 2. The association has sent a certified copy of the resolution required by paragraph 1 of this subsection to the deputy director. B. Each branch office shall keep detailed records of all transactions at such branch office and shall furnish full control records to the home office,  or such branch office or central accounting or computer center as has been designated by appropriate resolution of the board of directors adopted and filed as provided in subsection A of this section. C. Every association shall observe such generally accepted accounting principles and practices as are approved by the deputy director. D. An association by any system of accounting or any device of bookkeeping,  either directly or indirectly,  shall not enter any of its assets on its books in the name of any other person,  partnership,  association or corporation,  or under any title or designation that is not truly descriptive of the assets. E. The deputy director may order that assets in the aggregate,  to the extent that the assets have depreciated in value,  be charged off or that a special reserve or reserves equal to such depreciation in value be set up by transfers from undivided profits. F. Except notes secured by first lien mortgages insured or guaranteed,  wholly or in part,  by an agency of the United States government,  all bonds or other interest bearing obligations purchased by the association shall be carried at par with provision for amortization of premiums and discounts.