A. Each application to establish a trust company or branch or to renew the license of a trust company or branch shall be accompanied by the fee prescribed in section 6-126.

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Terms Used In Arizona Laws 6-855

  • Branch: means any banking office other than the principal banking office. See Arizona Laws 6-101
  • Certificate: means a certificate of authority issued under this chapter to engage in trust business. See Arizona Laws 6-851
  • Department: means the department of insurance and financial institutions. See Arizona Laws 6-101
  • Trust company: means a corporation holding a certificate issued under this article. See Arizona Laws 6-851

B. The annual renewal fee is payable on or before January 1 of each year the certificate is outstanding. A penalty payment of one hundred dollars shall be assessed for each day after January 15 that such fee is not received by the department.

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