Arizona Laws 6-211. Definitions
In this article, unless the context otherwise requires:
Terms Used In Arizona Laws 6-211
- Bank: means a corporation that holds a banking permit issued pursuant to chapter 2 of this title. See Arizona Laws 6-101
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Merger: includes consolidation. See Arizona Laws 6-211
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- National bank: means a national banking association located in this state. See Arizona Laws 6-211
- State bank: means a corporation holding a banking permit under the laws of this state. See Arizona Laws 6-211
1. "Converting bank" means a bank converting from a national to a state bank, or the reverse.
2. "In-state financial institution" means a state or national bank or savings and loan association with its home office in this state, or holding company with its home office in this state.
3. "Merger" includes consolidation.
4. "National bank" means a national banking association located in this state.
5. "Out-of-state financial institution" means a state or national bank or savings and loan association with its home office in a state other than this state, or holding company with its home office in a state other than this state.
6. "Resulting bank" means the bank resulting from a merger or conversion.
7. "State bank" means a corporation holding a banking permit under the laws of this state.