Arizona HB2979 amends laws governing credit unions, including procedures for changing business locations, bylaws, and name changes.
Arizona HB2979 amends several sections of the Arizona Revised Statutes related to credit unions. It modifies the process for changing a credit union's principal place of business or branch, requiring the deputy director to acknowledge receipt of a request within ten business days and make a decision within sixty business days. The bill also updates the procedure for amending the certificate of organization, requiring board approval and submission to the deputy director. Additionally, it revises the rules for credit union name changes, requiring deputy director approval.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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