ARS § 6-395.02
If a bank receivership is granted, the court must first offer the receiver appointment to the Federal Deposit Insurance Corporation; if the FDIC accepts, it serves as receiver without bond and with the state-law powers, privileges, and duties unless federal law conflicts. If the FDIC declines, the deputy director is ap
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- Jurisdiction
- United States — Arizona
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
Statute overview
About this statute
If a bank receivership is granted, the court must first offer the receiver appointment to the Federal Deposit Insurance Corporation; if the FDIC accepts, it serves as receiver without bond and with the state-law powers, privileges, and duties unless federal law conflicts. If the FDIC declines, the deputy director is appointed receiver.
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ARS § 6-395.02
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