Arizona § 6-205 - Term of permit; surrender; revocation
Full text of Arizona Arizona Revised Statutes § 6-205 — Term of permit; surrender; revocation, with citation guidance and answers to common questions.
§ 6-205. Term of permit; surrender; revocation
A. A banking permit shall be valid until surrendered to the deputy director or revoked by the deputy director.
B. A banking permit may not be surrendered to the deputy director until such time as the deputy director finds that all of the deposit liabilities of the bank have been satisfied in full or assumed by another bank.
C. A banking permit expires automatically when a bank is placed in receivership.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-205
What does Arizona Revised Statutes § 6-205 cover?
Section 6-205 ("Term of permit; surrender; revocation") 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 § 6-205?
A common citation format is "Arizona Revised Statutes § 6-205" (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 § 6-205 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.