Arizona § 6-215 - Retention of nonconforming assets; permission; maximum value
Full text of Arizona Arizona Revised Statutes § 6-215 — Retention of nonconforming assets; permission; maximum value, with citation guidance and answers to common questions.
§ 6-215. Retention of nonconforming assets; permission; maximum value
If a merging or converting bank has assets that do not conform to the requirements of law for a state bank or if assets acquired by a state bank in the transaction of its assuming deposit liabilities of another bank do not conform to such legal requirements, the deputy director may allow the resulting bank to retain such assets for a reasonable time, but shall fix the maximum value at which the assets may be carried by the resulting or assuming bank.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-215
What does Arizona Revised Statutes § 6-215 cover?
Section 6-215 ("Retention of nonconforming assets; permission; maximum value") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 6-215?
A common citation format is "Arizona Revised Statutes § 6-215" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 6-215 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.