Arizona § 6-217 - Emergency acquisition of in-state financial institution
Full text of Arizona Arizona Revised Statutes § 6-217 — Emergency acquisition of in-state financial institution, with citation guidance and answers to common questions.
§ 6-217. Emergency acquisition of in-state financial institution
A. Notwithstanding any other provisions of law, an in-state financial institution or out-of-state financial institution may acquire an in-state financial institution if the deputy director determines that both of the following exist:
1. The in-state financial institution proposed to be acquired is in danger of being placed in receivership by the deputy director or the relevant federal agency.
2. The acquisition is necessary to protect the financial interests of the in-state financial institution's depositors and creditors.
B. The deputy director shall make the deputy director's final determination under this section in writing.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-217
What does Arizona Revised Statutes § 6-217 cover?
Section 6-217 ("Emergency acquisition of in-state financial institution") 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 § 6-217?
A common citation format is "Arizona Revised Statutes § 6-217" (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 § 6-217 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.