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This entry was published on 2014-09-22
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SECTION 582
License provisions
Banking (BNK) CHAPTER 2, ARTICLE 12-C
§ 582. License provisions. Each license issued under this article
shall state the address or addresses at which the business is to be
conducted and shall state fully the name of the licensee, and the date
and place of its incorporation. A copy of such license shall be
prominently posted in each place of business of the licensee. Such
license shall not be transferable or assignable. In the event the
location at which the business is to be conducted shall be changed, the
licensee shall forthwith notify the superintendent who shall thereupon
without charge attach to the license a rider setting forth such changed
location. Each licensee, within ninety days of the close of the
licensee's fiscal year, shall submit an independently audited financial
statement to the superintendent.