reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-236 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-236 - Payment of deposits in trust

6-236.  Payment of deposits in trust Bank deposits may be made in the name of one or more persons as trustees for one or more persons designated as beneficiaries. The account and any balance thereof which exists from time to time shall be held as a trust account and unless otherwise agreed between the trustees and the bank: 1. Any such trustee during the trustee's lifetime may change any of the designated beneficiaries by a written direction accepted by the bank. 2. The deposit or any part thereof with interest may be paid to or on the order of any trustee whether any other trustee or beneficiary is living or not. Any such payment shall constitute a lawful revocation of the trust as to the amount withdrawn and the receipt order or acquittance of the person so paid is a valid and sufficient release and discharge of the bank as to the amount so paid. 3. Upon the death of the last surviving trustee the deposit or any part thereof with interest may be paid to or on order of any of the persons designated as beneficiaries who are living at the death of the last surviving trustee and the receipt order or acquittance of the person so paid is a valid and sufficient release and discharge of the bank as to the amount so paid.
AZ Rev Stat § 6-237 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-237 - Payment of deposit to foreign personal representative

6-237.  Payment of deposit to foreign personal representative If the deposit account is with one person and if within sixty days from the date of death of such depositor,  no personal representative of such decedent,  qualified in this state,  has delivered a certified copy of letters testamentary or letters of administration to the bank,  the bank may pay the balance of the account of the deceased depositor to the depositor's domiciliary personal representative qualified in another state upon the presentation of letters testamentary or letters of administration certified by the appointing court.
AZ Rev Stat § 6-241 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-241 - Banking days; notice; closing

6-241.  Banking days;  notice;  closing A. A bank is authorized to fix from time to time the days and hours when each of its banking offices that are located in this state will be open to the public for its banking business. The days and hours need not be the same for each office. The bank shall notify the deputy director of the days and hours of each banking office and of any change in the scheduled days and hours of each office. The bank shall give further notice by whatever means it selects as best calculated to advise the public of any change. B. In an emergency or threat of an emergency or other circumstances beyond the control of the bank that would imperil persons or property or impede normal operations,  all or any of its banking offices that are located in this state may be or remain closed. Notice of the closing shall be given to the deputy director as promptly as conditions will allow. The deputy director may order the reopening of any office on the deputy director's finding that conditions justifying the closing under this subsection do not then exist. C. Any day on which a bank shall pursuant to this section be or remain closed shall with respect to the bank be deemed a legal holiday. D. Any office of a bank may be closed under subsection A or B of this section,  even though other offices of the bank are open,  but any day of such closing shall not be a legal holiday in respect to any acts to be performed by or at the bank on such day unless the act is to be performed only by or at the office which is closed. E. Where pursuant to agreement or law any act is to be performed by or at a bank on any day when such bank shall pursuant to this section be or remain closed,  the act may be performed on the next succeeding banking day with the effect as though performed on the appointed day. F. Nothing in any law of this state shall in any manner whatsoever affect the validity of or render void or voidable the payment,  satisfaction or acceptance of any check or other negotiable instrument or any other transaction by a bank because done or performed on any holiday or partial holiday or during any time other than regular banking hours,  but this subsection does not compel a bank to perform any of the acts or transactions aforesaid except at its own option.  G. This section applies to out-of-state banks.
AZ Rev Stat § 6-242 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-242 - Preservation of bank records; regulations; disposal

6-242.  Preservation of bank records;  regulations;  disposal A. Every bank shall retain its corporate and business records in accordance with regulations of the deputy director. The regulations shall classify the records,  establish allowable methods for effective and economical preservation of information contained in the records if the originals are destroyed pursuant to regulation,  and prescribe the minimum periods of time each record or allowed substitute shall be preserved. B. In issuing the regulations under subsection A of this section,  the deputy director shall consider: 1. Actions at law and administrative proceedings in which the production of bank records might be necessary or desirable. 2. Statutes of limitation applicable to such action or proceedings. 3. The availability of information contained in bank records from other sources. 4. Such other matters as the deputy director deems pertinent in order that the deputy director's regulations will require banks to retain records for as short a period of time as is commensurate with the interests of bank customers and shareholders and of the people of this state in having bank records available. C. A bank may dispose of any record or allowed substitute that has been retained for the applicable record prescribed in accordance with the terms of this section,  and shall thereafter be under no duty to produce such a record in any action or proceeding.
AZ Rev Stat § 6-243 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-243 - Acquisition of property to satisfy or protect loans

6-243.  Acquisition of property to satisfy or protect loans Except as specifically prohibited by law,  a bank may take property of any kind to secure or satisfy or partially secure or partially satisfy an obligation to the bank.
AZ Rev Stat § 6-244 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-244 - Borrowing by bank; treatment as capital

6-244.  Borrowing by bank;  treatment as capital A bank may borrow money and issue evidence of indebtedness,  but no borrowings shall be treated as capital except in compliance with section 6-189.
AZ Rev Stat § 6-245 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-245 - Pledge of assets; rediscount; exception to requirement of security

6-245.  Pledge of assets;  rediscount;  exception to requirement of security A. A bank may pledge,  mortgage or otherwise hypothecate its assets: 1. To qualify the bank to act as a fiscal agent for any governmental entity. 2. To secure deposits which are required by law to be secured. 3. To secure borrowings from one business day to the next from another bank. 4. To secure borrowings from a federal reserve bank or any federal agency. 5. To secure other obligations,  exclusive of deposits,  provided the aggregate value of the assets as carried on the books of the bank encumbered for purposes other than those specified in paragraphs 1 through 4 of this subsection shall not exceed the capital account of the bank except with the approval of the deputy director. B. Subsection A of this section does not prohibit or limit the sale or rediscount of commercial paper or securities with endorsement,  guarantee or agreement to repurchase. C. If,  by the law of this state,  a bank is required to provide security for deposits in the form of collateral,  surety bond or any other form,  such security is not required to the extent such deposits are insured by the federal deposit insurance corporation. For the purposes of this subsection,  acceptable security for deposits includes: 1. Certificates of deposit insured by an agent or instrumentality of the United States. 2. Interest bearing savings deposits in banks and savings and loan associations doing business in this state whose accounts are federally insured. 3. United States government obligations. 4. Municipal bonds and bonds issued by a state,  county or school district. 5. Obligations for which the payment of principal and interest is guaranteed by the United States or by an agency or instrumentality of the United States. 6. Registered warrants if offered as security for monies of the county by which they are issued. 7. First mortgages and trust deeds together with the promissory notes or other evidences of indebtedness described in the instruments on improved,  otherwise unencumbered real estate located in this state if no single mortgage or trust deed represents more than ten percent of the total collateral security and the promissory note or other evidence of indebtedness secured by the mortgage or trust deed has been in existence for at least three years and no default with respect to the promissory note or other evidence of indebtedness has occurred during its existence.
AZ Rev Stat § 6-246 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-246 - Permitted investments; limitations

6-246.  Permitted investments;  limitations A. In addition to other investments authorized by law,  a bank or trust company that is acting as a fiduciary may invest and reinvest in the securities of an open-end or closed-end management investment company or investment trust that is registered under the investment company act of 1940 (15 United States Code section 80a-1),  as amended,  if the portfolios of that investment company or investment trust consist of investments permitted by the applicable fiduciary instrument. A bank or trust company may invest in these securities notwithstanding that the bank or trust company,  or an affiliate of the bank or trust company,  provides services to the investment company or investment trust as an investment adviser,  custodian,  transfer agent,  registrar,  sponsor,  distributor,  administrator,  manager or otherwise and receives reasonable remuneration for those services. B. A bank or trust company that invests and reinvests in the securities of an open-end or closed-end management investment company or investment trust authorized under subsection A of this section shall disclose in the statement of the fiduciary account to all persons whose funds are invested in the investment company or investment trust that the bank or trust company provides services for and receives fees from the open-end or closed-end management company or investment trust. A person who complies with the requirements of section 14-10802,  subsection F satisfies the disclosure requirements of this subsection. C. A bank may purchase for its own account any class of equity securities issued by a banker's bank,  as defined in section 6-204,  if the aggregate investment does not exceed ten per cent of the bank's capital.
AZ Rev Stat § 6-271 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-271 - Reserves against deposits; rule; limitations

6-271.  Reserves against deposits;  rule;  limitations Banks that are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the deputy director,  not to exceed fourteen percent of demand deposits or seven percent of time and savings deposits.
AZ Rev Stat § 6-272 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-272 - Deposits exempt from reserve requirement

6-272.  Deposits exempt from reserve requirement In determining the legal reserves required by this article a bank may deduct from its gross deposits such deposits as are lawfully secured and each deposit balance due to another bank to the extent of a reciprocal deposit due from such other bank.
AZ Rev Stat § 6-273 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-273 - Form of reserves; limitations

6-273.  Form of reserves;  limitations Legal reserves shall consist of: 1. Cash. 2. Cash items in the process of collection payable immediately on presentation in the United States. 3. Unpledged obligations of the United States maturing not more than six months after the date the obligation is used for reserve purposes at par. 4. Net deposit balances with each reserve depository in this state,  exclusive of deposits not payable on demand unless evidenced by a negotiable certificate of deposit maturing not more than six months from the date the certificate is used for reserve purposes. 5. Net deposit balances with each out-of-state reserve depository,  exclusive of deposits not payable on demand unless evidenced by a negotiable certificate of deposit maturing not more than six months after the date the certificate is used for reserve purposes,  in an amount either approved by the deputy director in writing or not more than the amount fully insured by the federal deposit insurance corporation or the national credit union administration or any successor agency.
AZ Rev Stat § 6-275 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-275 - Computation of reserves

6-275.  Computation of reserves Compliance with reserve requirements shall be determined as of the close of business on the first Thursday following the effective date of this chapter and every alternate Thursday thereafter on the basis of the average daily reserves maintained during the fourteen day period ending on such Thursday and the average daily net deposit balances for the fourteen day period ending on the Tuesday previous to such Thursday.
AZ Rev Stat § 6-321 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-321 - Definitions

6-321.  Definitions In this article,  unless the context otherwise requires: 1. " Acquire"  as applied to an in-state financial institution means any of the following actions or transactions: (a) The merger or consolidation of an in-state financial institution with an out-of-state financial institution. (b) The acquisition by an out-of-state financial institution of the direct or indirect ownership or control of voting shares of an in-state financial institution if,  after the acquisition,  the out-of-state financial institution will directly or indirectly own or control more than twenty-five percent of the outstanding voting shares of the acquired in-state financial institution. (c) The direct or indirect acquisition of all or substantially all of the assets of an in-state financial institution. (d) The taking of any other action that would result in the direct or indirect control of an in-state financial institution. 2. " Control"  means direct or indirect ownership of or power to vote twenty-five percent or more of the outstanding voting shares of an in-state financial institution or to control in any manner the election of a majority of the directors of an in-state financial institution. 3. " De novo entry"  means a newly established bank or savings and loan association which is not created through the acquisition of or merger with an in-state financial institution and control is through an out-of-state financial institution. 4. " Filed with the division"  means when the complete application including any amendments or supplements containing all the information in the form required by the division is received by the division. 5. " In-state financial institution"  means a state or federal bank,  savings bank or savings and loan association with its home office in this state,  or holding company with its home office in this state. 6. " Out-of-state financial institution"  means a state or federal bank,  savings 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.
AZ Rev Stat § 6-324 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-324 - De novo entry by certain financial institutions

6-324.  De novo entry by certain financial institutions 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.
AZ Rev Stat § 6-325 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-325 - Failure to act on application as approval

6-325.  Failure to act on application as approval The deputy director shall rule on any application submitted under section 6-322 not later than sixty days following the date the application is filed with the division. If the deputy director fails to rule on the application within the required sixty-day period,  the failure to rule shall be deemed a final decision of the deputy director approving the application.
AZ Rev Stat § 6-326 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-326 - Denial of application; grounds

6-326.  Denial of application;  grounds The deputy director shall deny an application for acquisition of an in-state financial institution if the deputy director finds any of the following: 1. The financial condition of the acquiring out-of-state financial institution is such that it may jeopardize the financial stability of the in-state financial institution or prejudice the interests of the depositors,  beneficiaries,  creditors or shareholders of the in-state financial institution. 2. Any plan or proposal to liquidate the in-state financial institution,  to merge or consolidate the in-state financial institution or to make any other major change in the business,  corporate structure or management of the in-state financial institution is not fair and reasonable to the depositors,  beneficiaries,  creditors or shareholders of the in-state financial institution. 3. The applicant has exhibited,  or has acquired a reputation for,  such a lack of honesty or integrity to indicate that it would not be in the interest of the depositors,  beneficiaries,  creditors or shareholders of the in-state financial institution or in the interest of the public to allow such an applicant to control the in-state financial institution. 4. The applicant neglects,  fails or refuses to furnish to the deputy director any information requested by the deputy director. 5. The applicant fails to obtain any required approval from a federal or state agency with authority over any of the financial institutions that are participating in the transaction. 6. The acquisition is contrary to law.
AZ Rev Stat § 6-328 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-328 - Deposit concentration limits

6-328.  Deposit concentration limits A. Neither an out-of-state financial institution nor an in-state financial institution shall acquire another out-of-state financial institution or in-state financial institution if either of the following conditions exist: 1. The resulting out-of-state financial institution,  in-state financial institution or affiliation would control thirty percent or more of the bank deposits held in this state. 2. One of the out-of-state financial institutions or in-state financial institutions in the acquisition already controls thirty percent or more of the bank deposits held in this state. B. Subsection A of this section does not apply to any interstate acquisition involving only already affiliated entities. C. The deputy director,  by order and on findings of fact and conclusions of law,  may waive the deposit concentration limit prescribed by subsection A of this section. In determining whether to waive the deposit concentration limit,  the deputy director shall not discriminate against out-of-state financial institutions and shall not grant a waiver unless the deputy director finds that the waiver will promote any of the following: 1. The availability of financial services. 2. The marketability of in-state financial institutions. 3. Another public interest.
AZ Rev Stat § 6-329 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-329 - Deposit production offices

6-329.  Deposit production offices A. Except as prescribed by subsection B of this section,  a person shall not establish or operate a deposit production office or similar office in this state for the purpose of soliciting deposits or similar evidence of indebtedness or participation interests in indebtedness. B. This section does not apply to activities conducted at the main office or a branch of an affiliated financial institution that is acting as an agent as prescribed by section 6-184. C. In determining whether an activity is prohibited by this section,  the deputy director shall consider the factors specified in the Riegle-Neal interstate banking and branching efficiency act of 1994,  section 109 (c)(2) (P.L. 103-328;  108 Stat. 2338;  12 United States Code section 1835a(c)(2)).
AZ Rev Stat § 6-330 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-330 - Rights, powers and privileges of out-of-state banks

6-330.  Rights,  powers and privileges of out-of-state banks Except as prohibited by federal law,  an out-of-state bank that has a banking office in this state has all of the rights,  powers and privileges and is entitled to the same exemptions and immunities as a comparable in-state financial institution that holds a permit under this title and is subject to all of the provisions of this title to the same extent as a comparable in-state financial institution.
AZ Rev Stat § 6-331 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-331 - Enforcement

6-331.  Enforcement A. If the deputy director determines that a branch that is maintained in this state by an out-of-state bank is being operated in violation of any law of this state or any rule adopted by this state or that the branch is being operated in an unsafe or unsound manner,  the deputy director has authority to take all enforcement actions against that branch as if the branch were regulated pursuant to section 6-201. B. The deputy director shall promptly notify the regulatory agency of the out-of-state bank's home state of each enforcement action taken against the out-of-state bank and to the extent practicable shall consult and cooperate with the regulatory agencies of the out-of-state bank in pursuing and resolving any enforcement actions.
AZ Rev Stat § 6-351 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-351 - Definitions

6-351.  Definitions In this article,  unless the context otherwise requires: 1. " Capital"  means the aggregate primary capital and secondary capital. 2. " Obligation"  means a primary or contingent liability for the payment of money. 3. " Person"  includes an individual,  a corporation,  government or governmental subdivision or agency,  business trust,  estate,  trust,  partnership,  joint venture or association or any other legal or commercial entity. 4. " Primary capital"  means the aggregate of the following: (a) Common and perpetual preferred stock. (b) Capital surplus. (c) Undivided profits. (d) Contingency and other capital reserves. (e) The allowance for loan and lease losses. (f) Mandatory convertible debt only to the extent that it does not exceed twenty per cent of the aggregate of subdivisions (a) through (e) of this paragraph. 5. " Secondary capital"  means the aggregate of the following: (a) Limited life preferred stock. (b) Subordinated notes and debentures. (c) Mandatory convertible debt not included in primary capital.