§ 241. Change of location; change of designation of principal office.
156 words·~1 min read·
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§ 241. Change of location; change of designation of principal office.
Any savings bank may make a written application to the superintendent,
such application to be accompanied by an investigation fee as prescribed
pursuant to section eighteen-a of this chapter, for leave to change its
place or one of its places of business to another place in the state or
for leave to change the designation of its principal office to a branch
office and to change the designation of one of its branch offices to its
principal office. This application shall state the reasons for such
proposed change. Such change may be made upon the written approval of
the superintendent. If the superintendent shall grant his or her
certificate authorizing the change of location, as provided in article
two of this chapter, the savings bank may, upon or after the day
specified in the certificate, remove its property and effects to the
location designated therein.