House Engrossed

technical correction; cosmetology schools; contracts

(now: special purpose banks; comparable; rights)

State of Arizona

House of Representatives

Fifty-fifth Legislature

Second Regular Session

2022

CHAPTER 176

HOUSE BILL 2203

An Act

amending section 6-330, Arizona Revised Statutes; relating to bank organization and regulation.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Section 6-330, Arizona Revised Statutes, is amended to read:

START_STATUTE6-330. Rights, powers and privileges of out-of-state banks

Except as prohibited by federal law, an out-of-state bank that has a banking office doing business in this state, including any special purpose depository institution that is chartered as a bank, has all of the rights, powers and privileges and is entitled to the same exemptions and immunities as a comparable in-state financial institution that holds a permit under this title and is subject to all of the provisions of this title to the same extent as a comparable in-state financial institution. END_STATUTE

APPROVED BY THE GOVERNOR APRIL 25, 2022.

FILED IN THE OFFICE OF THE SECRETARY OF STATE APRIL 25, 2022.