Arizona § 6-394 - Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer
Full text of Arizona Arizona Revised Statutes § 6-394 — Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer, with citation guidance and answers to common questions.
§ 6-394. Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer
A. No person may own or control a financial institution and at the same time have an interest in an insurer that directly or indirectly insures or purports to insure the deposit accounts of the financial institution.
B. No insurer of the deposit accounts of a financial institution other than a federal insurance corporation shall have and maintain assets and reserves equaling less than fifty per cent of the withdrawal accounts or investment certificates of the insured financial institution.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-394
What does Arizona Revised Statutes § 6-394 cover?
Section 6-394 ("Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer") 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 § 6-394?
A common citation format is "Arizona Revised Statutes § 6-394" (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 § 6-394 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.