Arizona Arizona Revised Statutes
§ 6-113 — Acts prohibited; officers; employees
ARS § 6-113Title 6. Banks and Financial Institutions · Ch. 1. FINANCIAL INSTITUTIONS DIVISION · Art. 2. Financial Institutions Division
Statute text
View on source6-113. Acts prohibited; officers; employees A. The director, the deputy director, the assistant director and any personnel of the department may not do any of the following with respect to any financial institution or enterprise under the jurisdiction of the department: 1. Be indebted, directly or indirectly, as borrower, accommodation endorser, surety or guarantor, to any financial institution or enterprise unless the indebtedness was contracted before becoming employed by the department and is fully disclosed to the department, except that an employee of the department, other than the director, the deputy director or the assistant director, may become so indebted if the indebtedness is both:
(a)Incurred on terms not more favorable than those available to the general public.
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