§ 511. Change of location; change of designation of principal office.\nAny investment company may make a written application to the\nsuperintendent, such application to be accompanied by an investigation\nfee as prescribed pursuant to section eighteen-a of this chapter, for\nleave to change its place or one of its places of business to another\nplace or for leave to change the designation of its principal office to\na branch office and to change the designation of one of its branch\noffices to its principal office. The application shall state the reasons\nfor such proposed change, and shall be accompanied by a copy of a\nresolution authorizing the making of the application, certified by a\nprincipal officer of the investment company to have been adopted by vote\nof a majority of its enti
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§ 511. Change of location; change of designation of principal office.\nAny investment company may make a written application to the\nsuperintendent, such application to be accompanied by an investigation\nfee as prescribed pursuant to section eighteen-a of this chapter, for\nleave to change its place or one of its places of business to another\nplace or for leave to change the designation of its principal office to\na branch office and to change the designation of one of its branch\noffices to its principal office. The application shall state the reasons\nfor such proposed change, and shall be accompanied by a copy of a\nresolution authorizing the making of the application, certified by a\nprincipal officer of the investment company to have been adopted by vote\nof a majority of its entire board of directors. If the proposed place of\nbusiness is within the limits of the village, borough or city, if in a\ncity not divided into boroughs, in which the place of business sought to\nbe changed is located, such change may be made upon the written approval\nof the superintendent; if beyond such limits, notice of intention to\nmake such application, signed by a principal officer of the corporation,\nshall be published once a week for two successive weeks in a newspaper\nto be designated by the superintendent for the purpose, in accordance\nwith the provisions of article two of this chapter. If the\nsuperintendent shall grant his or her certificate authorizing the change\nof location, as provided in article two of this chapter, the investment\ncompany may, upon or after the day specified in the certificate, remove\nits property and effects to the location designated therein.\n Anything contained in this chapter to the contrary notwithstanding, an\ninvestment company to which the provisions of subdivision two of section\nthirty-six of this chapter are inapplicable may change the location of\nits place or one of its places of business to another place or may\nchange the designation of its principal office to a branch office and\nchange the designation of one of its branch offices to its principal\noffice, without applying or obtaining authorization therefor under the\nprovisions of this section or article two of this chapter, but no such\nchange shall be made by an investment company until it shall have\nnotified the superintendent in writing of the new location or of the\nchange of designation of its principal office.\n If the newly designated principal office be in a different county than\nthe county in which the principal office is located immediately prior to\nthe change, the superintendent shall file in the office of the clerk of\neach such county a certificate stating that such change has been made by\nthe investment company.\n