Code · Arizona · Title 6 — Banks and Financial Institutions

6-554. Withdrawals

73 words·~1 min read·/az/title-6/6-554

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. A person may withdraw monies in share and deposit accounts for payment to the account holder or to third parties in the manner and in accordance with the procedures established by the board of directors.

B. Share and deposit accounts are subject to any withdrawal notice requirements imposed pursuant to the bylaws.

C. A person may not redeem or withdraw a membership share except on termination of membership in the credit union.