Arizona Arizona Revised Statutes
§ 6-144 — Acquisition of control; approval of deputy director
ARS § 6-144Title 6. Banks and Financial Institutions · Ch. 1. FINANCIAL INSTITUTIONS DIVISION · Art. 4. Acquisition of Control of a Bank, Trust Company or Savings and Loan Association
Statute text
View on source6-144. Acquisition of control; approval of deputy director A person shall not, directly or indirectly, make a tender offer for, request or invite a tender offer for, offer to exchange securities for or acquire in the open market or otherwise, any voting security or any security convertible into a voting security of a bank, trust company, savings and loan association or controlling person if such a transaction would result in the person acquiring control of a bank, trust company or savings and loan association or controlling person unless the deputy director has approved such acquisition of control, except that this section does not prohibit a person from negotiating or entering into agreements subject to the condition that the acquisition of control will not be effective until approval of the deputy director is obtained.