Arizona § 6-271 - Reserves against deposits; rule; limitations
Full text of Arizona Arizona Revised Statutes § 6-271 — Reserves against deposits; rule; limitations, with citation guidance and answers to common questions.
§ 6-271. Reserves against deposits; rule; limitations
Banks that are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the deputy director, not to exceed fourteen percent of demand deposits or seven percent of time and savings deposits.
Frequently Asked Questions About Arizona § 6-271
What does Arizona Revised Statutes § 6-271 cover?
Section 6-271 ("Reserves against deposits; rule; limitations") 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 § 6-271?
A common citation format is "Arizona Revised Statutes § 6-271" (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 § 6-271 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.