Ariz. Admin. Code § 20-4-1001

Current through Register Vol. 30, No. 25, June 21, 2024

Section R20-4-1001 - Notice of Change of Location of Safe Deposit Repository

A. A corporation or association that moves a repository shall give written notice of the location change to the Director and to its customers.

1. A corporation or association shall provide notice of the location change to the Director by mailing the notice required under this subsection by first class mail no less than 30 days before the scheduled moving date. The corporation or association shall include a copy of the notice to customers required under subsection (B).

2. A corporation or association shall provide notice of the location change to its customers by:

a. Publishing notice of the change of location in:

i. An English language newspaper of general circulation in the county where the repository will be closed,

ii. In a weekly newspaper for two consecutive publications, or

iii. In a daily newspaper for three consecutive days; and

b. Publishing the notice no more than 90 days, and no less than 30 days, before the scheduled moving date.

B. The corporation or association shall include all the following information in the notice:

1. The date the corporation or association intends to move the repository,

2. The earliest date a customer can remove contents and transact other business related to the move,

3. The latest date a customer can remove contents and transact other business related to the move,

4. The street address of the repository to be closed, and

5. The street address of the new repository.

Ariz. Admin. Code § R20-4-1001

Former Rule 1. R20-4-1001recodified from R4-4-1001 (Supp. 95-1). Amended by final rulemaking at 8 A.A.R. 5227, effective February 4, 2003 (Supp. 02-4). Preceding Historical Note entry corrected to read 2003 instead of 2002 (Supp. 03-1). Amended by final rulemaking at 29 A.A.R. 1937, effective 10/2/2023.