The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 58th Legislature, 1st Regular Session, which convenes in January 2027.
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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.
6-510 - Principal place of business; branch office
6-510. Principal place of business; branch office
A. A credit union may change its principal place of business or branch within this state with the prior approval of the deputy director and the payment of the fee provided in section 6-126.
B. A credit union may establish a branch office with the prior approval of the deputy director.
C. A credit union organized under this chapter may conduct business in other states or territories of the United States where it is allowed to do so on approval of the deputy director, if it is reasonably necessary to service its members.
D. Within ten business days after receiving a completed request for a change in the credit union's principal place of business or branch that is located in this state, the deputy director shall submit an acknowledgment of receipt or request additional information. The deputy director shall make a decision within sixty business days after the date that the acknowledgment of receipt is submitted to the credit union. For good cause shown, the deputy director may extend the response time.