reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-353 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-353 - Obligations of directors, officers and employees; reports

6-353.  Obligations of directors,  officers and employees;  reports A. No bank shall make any loan to any of its own directors,  officers or employees that shall cause the outstanding loans of the bank to such person to exceed one percent of the capital account of the bank unless the loan is expressly authorized by the board of directors with any interested director taking no part in such vote. Any loan in violation of this subsection shall be payable on demand to the extent required to bring the loan into compliance with this subsection. B. Each bank shall include with but not as a part of each report of condition to the deputy director a report of the obligations to the bank of each director and officer outstanding at the date of the report of condition,  if the aggregate obligations of such person,  exclusive of obligations outstanding in the regular process of bank collection transactions,  exceeds the lesser of $50, 000 or one percent of the capital account of the bank.
AZ Rev Stat § 6-354 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-354 - Loans on capital stock or capital obligations of a bank

6-354.  Loans on capital stock or capital obligations of a bank No bank shall take or hold its capital stock or its capital obligations as security for an obligation to the bank unless such security is necessary to prevent loss on an obligation previously contracted.
AZ Rev Stat § 6-355 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-355 - Change loans

6-355.  Change loans A bona fide change loan of ten thousand dollars or less,  for a term not to exceed four days,  which entails the services of furnishing coins or currency in specific amounts required by the borrower,  may be compensated for,  at the option of the bank,  in lieu of interest,  by a service charge of not more than fifteen dollars.
AZ Rev Stat § 6-381 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-381 - Authority of bank to engage in the trust business

6-381.  Authority of bank to engage in the trust business A bank may not engage in the trust business unless authorized by its banking permit. A bank which engages in the trust business is subject to the provisions of chapter 8 of this title in the administration of its trust accounts.
AZ Rev Stat § 6-382 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-382 - Powers of bank as fiduciary

6-382.  Powers of bank as fiduciary The prohibitions,  limitations and restrictions on the transactions of a bank in dealing with its general assets shall not be applicable to a bank in the exercise of its powers as a fiduciary over assets held in such capacity or with respect to obligations incurred in such capacity against the credit of the trust.
AZ Rev Stat § 6-383 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-383 - Identification and segregation of fiduciary assets

6-383.  Identification and segregation of fiduciary assets Except as may be otherwise provided by law or by the writing creating the trust,  a bank holding any asset as a fiduciary shall segregate all such assets from the general assets of the bank and shall maintain such safekeeping methods and records that the assets of each trust may be readily identified and distinguished from the assets of any other trust. Trust assets may be held in the name of nominees of the bank whether the bank is the sole fiduciary or acting with others,  but the bank shall be responsible for the acts of any such nominee.
AZ Rev Stat § 6-384 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-384 - Deposit of fiduciary funds

6-384.  Deposit of fiduciary funds Cash held by a bank as fiduciary may be deposited to the credit of the bank as such fiduciary on time or demand account with itself or with any other bank the deposits of which are insured by the federal deposit insurance corporation. Unless otherwise provided by the writing creating the trust,  if such funds are deposited with itself the bank shall secure such deposits with securities described in section 6-352,  subsection D,  paragraph 2,  or other security approved by the deputy director for the purpose,  in the amount of the deposit,  subject to section 6-245,  subsection C.
AZ Rev Stat § 6-385 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-385 - Substitution of corporate fiduciary

6-385.  Substitution of corporate fiduciary Any fiduciary capacity of a trust company,  a bank or a savings and loan association as trustee,  executor,  administrator,  guardian,  conservator,  registrar of stocks and bonds,  assignee,  receiver or any other fiduciary capacity may be transferred to and assumed by a bank authorized under its banking permit to conduct trust business in this state or a savings and loan association authorized to conduct trust business in this state,  without any order or other action on the part of any court or interested person,  with the approval of the deputy director to the extent the substitution is specified in the order of approval. The deputy director's order of approval shall be conclusive evidence of the authority of the assuming bank or savings and loan association to hold and enjoy all rights of property,  franchises and interests,  including appointments,  designations and nominations,  and all other rights and interests in each such fiduciary capacity in the same manner and to the same extent as such rights,  franchises and interests were held or enjoyed by the bank,  savings and loan association or trust company for which the assuming bank or savings and loan association has been substituted. The substitution of fiduciary provided in this section is to assure a continuity of fiduciary administration and is supplemental to other rights and powers of substitution which require no approval by the deputy director. Substitution by order of the deputy director shall not affect the authority of the court having jurisdiction over the trust to determine the right of any other person to succeed to the fiduciary capacity of the assuming bank or savings and loan association.
AZ Rev Stat § 6-386 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-386 - Investment by fiduciaries; governmental obligations

6-386.  Investment by fiduciaries;  governmental obligations In the absence of an express provision to the contrary,  if an indenture or other governing instrument directs,  requires,  authorizes or permits investment in United States government obligations,  a bank,  trust company,  trust department or other fiduciary may invest in the obligations,  either directly or in the form of securities or other interests in any open end or closed end management type investment company or investment trust registered under the investment company act of 1940 (54 Stat. 789;  15 United States Code sections 80a-1 through 80a-64) if the portfolio of the investment company or investment trust is limited to United States government obligations and repurchase agreements fully collateralized by United States government obligations and the investment company or investment trust takes delivery of the collateral for any repurchase agreement either directly or through an authorized custodian.
AZ Rev Stat § 6-391 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-391 - Unauthorized conduct of banking business; false representation

6-391.  Unauthorized conduct of banking business;  false representation It is unlawful for any person to engage in this state in the banking business as defined in section 6-201 or to make use of the word " bank"  or any other words in a manner reasonably calculated to convey the impression that the person is engaged in the banking business in this state,  unless the act is done by or on behalf of a person having authority under section 6-201.
AZ Rev Stat § 6-394 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-394 - Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer

6-394.  Prohibited ownership or control of a financial institution and interest in insurer insuring deposits;  assets and reserves of insurer A. No person may own or control a financial institution and at the same time have an interest in an insurer that directly or indirectly insures or purports to insure the deposit accounts of the financial institution. B. No insurer of the deposit accounts of a financial institution other than a federal insurance corporation shall have and maintain assets and reserves equaling less than fifty per cent of the withdrawal accounts or investment certificates of the insured financial institution.
AZ Rev Stat § 6-395 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395 - Possession by deputy director and receivership

6-395.  Possession by deputy director and receivership If the status of a bank as an insured bank is terminated by the federal deposit insurance corporation or the deputy director finds that a bank is in such an unsafe or unsound condition that it is or will become unable to meet the anticipated demands of its depositors and that the condition cannot be corrected by the procedures of chapter 1,  article 5 of this title or section 6-137,  the deputy director may immediately take possession and control of the bank and in such event shall,  through the attorney general,  apply to the superior court for the appointment of a receiver for the bank. The court may act on the application forthwith and without notice to any person. If at any time the court finds that no ground for receivership exists,  the receivership shall be dissolved and the deputy director's possession terminated.
AZ Rev Stat § 6-395.01 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.01 - Powers of deputy director in possession

6-395.01.  Powers of deputy director in possession When the deputy director has taken possession of a bank and until the appointment and qualification of the receiver,  or the adjudication that no ground for the receivership exists,  the deputy director shall be vested with the full and exclusive power of management and control. The deputy director shall immediately close the bank for the acceptance and withdrawal of deposits,  but shall otherwise have the power to continue or to discontinue the business,  to stop or to limit the payment of its obligations,  to employ any necessary assistants,  to execute any instrument in the name of the bank,  to commence,  defend and conduct in its name any action or proceeding in which the bank may be a party.
AZ Rev Stat § 6-395.02 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.02 - Federal deposit insurance corporation as receiver

6-395.02.  Federal deposit insurance corporation as receiver If the court grants the application for receivership of a bank it shall first tender the appointment as receiver to the federal deposit insurance corporation,  which is authorized to qualify and act without bond. If the corporation accepts the appointment it shall have all of the powers,  privileges and duties as such receiver provided by the laws of this state except insofar as such powers,  privileges and duties are in conflict with the provisions of the federal deposit insurance act as amended,  which act shall control. If the corporation does not accept the appointment,  the deputy director shall be appointed receiver.
AZ Rev Stat § 6-395.03 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.03 - Federal deposit insurance corporation power pending judicial proceedings

6-395.03.  Federal deposit insurance corporation power pending judicial proceedings The federal deposit insurance corporation may pay out and acquire the insured deposit liabilities of a bank notwithstanding the possession by the deputy director or the pendency of receivership proceedings and for such purposes shall have the use of the facilities and records of the bank. The federal deposit insurance corporation and its directors,  officers,  agents and employees,  the deputy director and the receiver and the respective agents and employees of each,  shall be free from liability to the bank,  its directors,  stockholders and creditors,  for or on account of any action authorized by this section.
AZ Rev Stat § 6-395.04 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.04 - Right of subrogation of federal deposit insurance corporation

6-395.04.  Right of subrogation of federal deposit insurance corporation The federal deposit insurance corporation shall be subrogated to the rights of depositors upon payment of their claims to the extent required by the law of the United States as a condition of the authority to insure deposits or make such payment.
AZ Rev Stat § 6-395.05 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.05 - Effect of receivership proceedings on liens and limitations

6-395.05.  Effect of receivership proceedings on liens and limitations A. Every lien against any asset of a bank obtained by attachment,  judgment,  levy or other legal or equitable process or proceedings after the filing of the application for the appointment of a receiver under this article shall be null and void as to the receiver and to any purchaser from the receiver where the sale is ordered by the court to be free and clear of such liens. B. A receiver,  upon his appointment shall be vested by operation of law with the title to all of the assets of the bank as of the time of filing of the application for the appointment of the receiver;  and as to all assets of the bank,  whether or not coming into his physical possession,  upon which a creditor of the bank could have obtained a lien by legal or equitable proceedings at the time of filing of the application for the appointment of the receiver,  the receiver shall be vested as of the time of such filing with all of the rights,  remedies and powers of a creditor then holding a lien thereon by such proceedings,  whether or not such a creditor actually exists. C. Upon the filing of the application for the appointment of a receiver under this article there shall be a postponement for a period of six months of the date upon which any period of limitations fixed by statute or agreement would otherwise expire on a claim or right of action of the bank or upon which an appeal must be taken or a pleading or other document must be filed by the bank in any pending action or proceeding.
AZ Rev Stat § 6-395.06 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.06 - Rights, powers and duties of a receiver

6-395.06.  Rights,  powers and duties of a receiver A. After taking possession of the bank,  the receiver may do any of the following in its own name,  in the name of the bank,  in the name of both or otherwise: 1. Collect all obligations and money due the bank. 2. Exercise and possess all the rights,  powers and privileges of the bank and its officers and directors. 3. Institute or otherwise participate in any legal proceeding by or against the receiver or the bank,  or in which the bank or its creditors have an interest,  and in every way represent the bank and its creditors. 4. Be the custodian of all monies coming into the receiver's possession,  but it may deposit any part of those monies in a bank instituted by the federal deposit insurance corporation. 5. Invest or reinvest those portions of the monies and assets of the bank as the receiver deems appropriate. 6. Revise or settle any obligation on those terms and conditions that the receiver deems appropriate. 7. Sell,  compound,  compromise or assign debts due the bank on those terms and conditions that the receiver deems appropriate. 8. Negotiate settlements of claims against the bank on those terms and conditions that the receiver deems appropriate. 9. Settle,  compromise or obtain the release of claims against the bank for cash or other consideration. 10. Sell,  exchange,  encumber or otherwise deal with any real or personal property that has come into the bank's possession by any means on the basis of reasonable market value without notice for cash or on those terms and conditions that the receiver deems appropriate. 11. Execute,  acknowledge and deliver any deed or other instrument necessary or proper for any purpose. B. Any deed or other instrument executed pursuant to subsection A,  paragraph 11 is valid for all purposes as if it had been executed as the act and deed of the bank. C. The receiver may disburse monies for any of the following: 1. The discharge of any taxes,  assessments or charges of any nature against the bank or the receiver or on any asset or other property in which the bank or the receiver has an interest. 2. The protection or improvement of any asset or other property of the bank. 3. The costs and expenses of the liquidation and for exercising the receiver's rights,  powers,  privileges and duties. 4. Debts and interest owed by the bank that arise out of the liquidation or otherwise. 5. The costs and expenses of the operation of the bank. D. Notwithstanding the grant or denial of any power or duty prescribed in this chapter,  the receiver has those rights,  powers,  privileges,  immunities and duties authorized or imposed from time to time in specific cases by order of the court.
AZ Rev Stat § 6-395.07 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.07 - Sale of bank assets; authority to borrow monies; injunction; hearing

6-395.07.  Sale of bank assets;  authority to borrow monies;  injunction;  hearing A. The receiver may sell all or any part of the bank's assets to another bank,  to a savings and loan association,  to the federal deposit insurance corporation or to an instrumentality of the United States government. The receiver may borrow from the federal deposit insurance corporation,  an instrumentality of the United States government or a private insurer which insures or guarantees the bank's investment certificates any amount necessary to facilitate the assumption of investment certificate liabilities by a newly chartered or existing bank,  assigning any part or all of the assets of the bank as security for that loan. B. If the receiver has taken possession of the property and business of a bank,  that bank,  within ten days after the taking,  if it deems itself aggrieved,  may apply to the court in the county in which the principal place of business of the bank is located to enjoin further proceedings. The receiver may exercise all powers granted by this article during the ten day period after taking possession of the property and business of the bank. The court,  after ordering the receiver to show cause why further proceedings should not be enjoined and after a hearing and a determination of the facts on the merits,  may dismiss the application or enjoin the receiver from further proceedings and direct the receiver to surrender the property and business to the bank or make such further order as the court determines.
AZ Rev Stat § 6-395.08 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.08 - Rejection of contracts and leases on liquidation

6-395.08.  Rejection of contracts and leases on liquidation The receiver may at his election reject any executory contract to which the bank is a party or any obligation of the bank as a lessee of real or personal property. The claim of a lessor for damages for injury resulting from the rejection of an unexpired lease of real property or for damages or indemnity under a covenant in such lease shall in no event be allowed in any amount exceeding the rent reserved by the lease,  without acceleration,  for six months after the date of surrender or reentry,  plus the amount of the unpaid rent accrued to such date.
AZ Rev Stat § 6-395.09 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.09 - Notice to claimants on liquidation

6-395.09.  Notice to claimants on liquidation As soon after the commencement of liquidation as practicable the receiver shall cause notice of the liquidation to be published in a newspaper of general circulation in each county in which the bank has an office,  once a week for eight successive weeks. The notice shall demand that all persons who have claims against the bank present them to the receiver and make legal proof thereof,  in accordance with the procedure prescribed in the notice. The receiver shall mail a copy of the notice at the address shown on the records of the bank,  to each person who appears from the records to be a creditor of the bank,  with the advice of the nature and amount of the purported indebtedness,  provided that the notice in respect to any indebtedness to which the federal deposit insurance corporation claims complete subrogation need be made only to the corporation. The receiver's advice of a purported indebtedness shall not bind the receiver on the validity or the amount of any claim based thereon.
AZ Rev Stat § 6-395.10 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-395.10 - Disposition of unclaimed property

6-395.10.  Disposition of unclaimed property A. As soon after the commencement of liquidation as practicable the receiver shall cause notice to be given by mail to each person at the address shown on the records of the bank who appears from the records to be a bailor of property held by the bank or a lessee of a safety deposit repository. The notice shall demand that the property held by the bank as bailee or located in its safe deposit repositories be withdrawn by a date certain and,  if appropriate,  the notice shall designate the name of the bank that has assumed the obligations of the closed bank as bailee or repository lessor and the place where the repository or property will be located after a specified date. B. If the obligations of the closed bank as repository lessor have not been assumed by another bank,  the safety deposit repository,  the contents of which have not been removed before the date specified in the notice under subsection A of this section,  shall be opened by the receiver in the manner provided for repositories upon which the payment of rental is in default. The unclaimed contents of the repositories together with all unclaimed property held by the bank as bailee shall be delivered by the receiver to the clerk of the court having jurisdiction of the receivership to be disposed of pursuant to section 44-302,  subsection A,  paragraph 11 if not thereafter claimed.