The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 54th Legislature, 2nd Regular Session, which convenes in January 2020.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
6-1109 - Determination of control of one person by another; hearing; notice
6-1109. Determination of control of one person by another; hearing; notice
Before determining whether a person controls another person or before denying or approving an application for approval to become a financial institution holding company the superintendent may hold a hearing. The superintendent shall give notice of the hearing to the applicant, the financial institution or controlling person concerned and to such other persons as the superintendent determines appropriate. The date for commencement of the hearing shall be not later than thirty days after the date of the notice, unless the applicant consents to an extension of the period.