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AZ SB1430
Bill
Status
Introduced
2/2/2010
Primary Sponsor
Albert Hale
Click for details
AI Summary
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Amends Arizona Revised Statutes section 6-384 regarding deposit of fiduciary funds held by banks.
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Corrects reference from subsection A to subsection D of section 6-352, paragraph 2, regarding securities that may secure fiduciary deposits.
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Clarifies that banks depositing fiduciary funds with themselves must secure deposits with approved securities in the amount of the deposit, subject to section 6-245, subsection C.
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Makes technical corrections to statutory cross-references and subsection citations related to fiduciary fund deposit requirements.
Legislative Description
Fiduciary funds; deposits; technical correction
Last Action
Referred to Senate ED Committee
2/4/2010
Full Bill Text
No bill text available