Arizona § 6-326 - Denial of application; grounds
Full text of Arizona Arizona Revised Statutes § 6-326 — Denial of application; grounds, with citation guidance and answers to common questions.
§ 6-326. Denial of application; grounds
The deputy director shall deny an application for acquisition of an in-state financial institution if the deputy director finds any of the following:
1. The financial condition of the acquiring out-of-state financial institution is such that it may jeopardize the financial stability of the in-state financial institution or prejudice the interests of the depositors, beneficiaries, creditors or shareholders of the in-state financial institution.
2. Any plan or proposal to liquidate the in-state financial institution, to merge or consolidate the in-state financial institution or to make any other major change in the business, corporate structure or management of the in-state financial institution is not fair and reasonable to the depositors, beneficiaries, creditors or shareholders of the in-state financial institution.
3. The applicant neglects, fails or refuses to furnish to the deputy director any information requested by the deputy director.
4. The applicant fails to obtain any required approval from a federal or state agency with authority over any of the financial institutions that are participating in the transaction.
5. The acquisition is contrary to law.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-326
What does Arizona Revised Statutes § 6-326 cover?
Section 6-326 ("Denial of application; grounds") 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 § 6-326?
A common citation format is "Arizona Revised Statutes § 6-326" (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 § 6-326 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.