New York § 241 Change of location; change of designation of principal office

New York Statutes

§ 241 — Change of location; change of designation of principal office

New York § 241

Law BNKBanking

Art. 6Savings Banks

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Bluebook

N.Y. Banking § 241 (2026).

Text

  § 241. Change of location; change of designation of principal office.\nAny savings bank may make a written application to the superintendent,\nsuch application to be accompanied by an investigation fee as prescribed\npursuant to section eighteen-a of this chapter, for leave to change its\nplace or one of its places of business to another place in the state or\nfor leave to change the designation of its principal office to a branch\noffice and to change the designation of one of its branch offices to its\nprincipal office. This application shall state the reasons for such\nproposed change. Such change may be made upon the written approval of\nthe superintendent. If the superintendent shall grant his or her\ncertificate authorizing the change of location, as provided in article\ntwo of thi

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§ 241. Change of location; change of designation of principal office.\nAny savings bank may make a written application to the superintendent,\nsuch application to be accompanied by an investigation fee as prescribed\npursuant to section eighteen-a of this chapter, for leave to change its\nplace or one of its places of business to another place in the state or\nfor leave to change the designation of its principal office to a branch\noffice and to change the designation of one of its branch offices to its\nprincipal office. This application shall state the reasons for such\nproposed change. Such change may be made upon the written approval of\nthe superintendent. If the superintendent shall grant his or her\ncertificate authorizing the change of location, as provided in article\ntwo of this chapter, the savings bank may, upon or after the day\nspecified in the certificate, remove its property and effects to the\nlocation designated therein.\n