Rhode Island § 19-2-12 § 19-2-12. Relocation of branches.

Rhode Island Statutes

§ 19-2-12 — § 19-2-12. Relocation of branches.

Rhode Island·Title 19 Financial institutions·Ch. 19-2 Creation and Expansion

§ 19-2-12. Relocation of branches.
Any financial institution or credit union may relocate a branch upon sixty (60) days'
            prior written notice to the director, or the director's designee, provided that the
            relocated branch is:
         
(1) To be located within the same city or town as the existing branch; or
         
(2) To be located within a ten (10) mile radius of the existing branch; and
         
(3) The existing branch will be closed upon construction and/or occupancy of the relocated
            branch.
         

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§ 19-2-12. Relocation of branches.

Any financial institution or credit union may relocate a branch upon sixty (60) days' prior written notice to the director, or the director's designee, provided that the relocated branch is:

(1) To be located within the same city or town as the existing branch; or

(2) To be located within a ten (10) mile radius of the existing branch; and

(3) The existing branch will be closed upon construction and/or occupancy of the relocated branch.

Rhode Island § 19-2-12 (§ 19-2-12. Relocation of branches.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1995, ch. 82, § 39; P.L. 1997, ch. 98, § 2; P.L. 2011, ch. 347, § 1; P.L. 2011, ch. 387, § 1; P.L. 2022, ch. 338, § 1, effective June 29, 2022; P.L. 2022, ch. 339, § 1, effective June 29, 2022.