Arizona Arizona Revised Statutes
§ 6-395.13 — Voluntary liquidation and dissolution
ARS § 6-395.13Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 13. Liquidation and Dissolution
Statute text
View on source6-395.13. Voluntary liquidation and dissolution A bank may voluntarily dissolve and wind up its affairs as any other corporation under the provisions of title 10, but a plan of liquidation or dissolution shall not be submitted to the stockholders until the deputy director on application by the bank finds that the bank has assets of such a form and amount as to allow the satisfaction in full of the claims of all depositors in accordance with their rights and that the plan contains proper provision for the satisfaction.