The deputy director shall make a report of each examination to the board of directors of the association examined, and if the affairs of the association are not being conducted in accordance with this chapter, the deputy director may require the directors, officers, or employees to take any necessary corrective action. In the interests of the members of the association, the deputy director may prepare a statement of the condition of the association, and may mail the same to the members or may require a single publication thereof.

Terms Used In Arizona Laws 6-476

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Association: means every association to which this chapter applies as defined in the section concerning scope of chapter. See Arizona Laws 6-401
  • Deputy director: means the deputy director of the financial institutions division of the department. See Arizona Laws 6-101