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This entry was published on 2014-09-22
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SECTION 321
Change of location; change of designation of principal office
Banking (BNK) CHAPTER 2, ARTICLE 8
§ 321. Change of location; change of designation of principal office.
Any safe deposit company may make a written application to the
superintendent for leave to change its place or one of its places of
business to any place at which it could be authorized, under the
provisions of this chapter, to open and maintain a branch office 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. The application shall state the reasons for such
proposed change, and shall be accompanied by a copy of a resolution
authorizing the making of the application, certified by a principal
officer of the safe deposit company to have been adopted by vote of a
majority of its entire board of directors at a meeting of such board,
duly convened and held, as well as by a fee as prescribed pursuant to
section eighteen-a of this chapter. If the proposed place of business is
within the limits of the village, borough or city if in a city not
divided into boroughs, in which the place of business sought to be
changed is located, such change may be made upon the written approval of
the superintendent. If the proposed place of business is beyond such
limits, notice of intention to make such application, signed by a
principal officer of the safe deposit company shall be published once a
week for two successive weeks in a newspaper to be designated by the
superintendent for the purpose, in accordance with the provisions of
article two of this chapter. If the superintendent shall grant his
certificate authorizing the change of location, as provided in article
two of this chapter, the safe deposit company may, upon or after the day
specified in the certificate, remove its property and effects to the
location designated therein.