Arizona § 6-558 - Member account insurance
Full text of Arizona Arizona Revised Statutes § 6-558 — Member account insurance, with citation guidance and answers to common questions.
§ 6-558. Member account insurance
A. Before the incorporators of a credit union forward the organization documents to the deputy director, as required by section 6-506, they shall apply for insurance on share and deposit accounts from an insuring organization.
B. The deputy director shall not grant a certificate of approval to form a credit union unless the proposed credit union has obtained a commitment for insurance on member accounts.
C. A credit union may not begin operations as a credit union or continue operations without share and deposit account insurance acceptable to the deputy director.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-558
What does Arizona Revised Statutes § 6-558 cover?
Section 6-558 ("Member account insurance") 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 § 6-558?
A common citation format is "Arizona Revised Statutes § 6-558" (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 § 6-558 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.