6-395.13. Voluntary liquidation and dissolution
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/az/title-6/6-395-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A bank may voluntarily dissolve and wind up its affairs as any other corporation under the provisions of title 10, but a plan of liquidation or dissolution shall not be submitted to the stockholders until the deputy director on application by the bank finds that the bank has assets of such a form and amount as to allow the satisfaction in full of the claims of all depositors in accordance with their rights and that the plan contains proper provision for the satisfaction.