ARS § 6-395.13
A bank may voluntarily dissolve and wind up its affairs, but it cannot submit a liquidation or dissolution plan to stockholders until the deputy director finds the bank can fully satisfy depositor claims and the plan properly provides for that satisfaction.
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- Jurisdiction
- United States — Arizona
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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stockholder approval voluntary liquidation wind-up
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ARS § 6-395.13
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