6-324. De novo entry by certain financial institutions
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/az/title-6/6-324A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An out-of-state financial institution may establish a bank, savings and loan association or holding company in this state through de novo entry subject to the applicable laws of this state. An in-state financial institution may not be acquired for operation as a branch by an out-of-state financial institution until it has been in continuous operation for five or more years on the date of the proposed acquisition.