6-181

6-181. Declaration of purposes

The purposes of this chapter, which shall govern judicial and administrative
interpretation and application of the provisions of this chapter, are to provide for:

1. Safe and sound conduct of banks.

2. Conservation of bank assets.

3. Maintenance of public confidence in banks.

4. Protection of the interests of depositors and fiduciary beneficiaries and of the
interest of the public in the soundness and preservation of the banking system.

5. Opportunity for banks to remain competitive with each other, with financial
institutions existing under other laws of this state and with banking and financial
institutions existing under the laws of other states, the United States and foreign
countries.

6. Opportunity for banks to serve effectively the convenience and needs of their
depositors, borrowers and other customers, to participate in and promote the economic
progress of Arizona and the United States and to improve and expand their services and
facilities for those purposes.

7. Opportunity for management of banks to exercise business judgment in conducting
banking affairs subject to the provisions of this chapter.

8. Simplification and modernization of the law governing banking and governing the
exercise of fiduciary and other representative powers by banks.

9. Implementation and execution of the provisions of this chapter by the full
utilization of the rule making and administrative discretions of the superintendent.