Arizona Arizona Revised Statutes

§ 6-423 — Accounts

ARS § 6-423Title 6. Banks and Financial Institutions · Ch. 3. SAVINGS AND LOAN ASSOCIATIONS · Art. 4. Capital

Statute text

6-423. Accounts A. An association may maintain all types of deposit accounts and prescribe those terms and conditions relating to the accounts as are allowable for the association to maintain the insurance of its deposits by an insurance corporation. B. Accounts are: 1. Withdrawable and subject to enforced retirement as provided in this article. This chapter does not prevent the withdrawal of funds from an association by negotiable or nonnegotiable order. 2. Entitled to dividends as provided in this article. 3. Nonassessable for either debts or losses of the association. 4. Issued on such plan or plans of payment and in such series or classes as the bylaws may provide, which plan or plans of payment may include:

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