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Arizona Arizona Revised Statutes

§ 6-395.03 — Federal deposit insurance corporation power pending judicial proceedings

ARS § 6-395.03Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 13. Liquidation and Dissolution

Statute text

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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.

Source: Arizona Arizona Revised Statutes § 6-395.03 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.