Financial institutions

Creation and Expansion

SECTION 19-2-11

§ 19-2-11 Establishment of branches.

Any financial institution or credit union may establish a branch or branches within this state at any other place than its main office upon obtaining the approval of the director or the director's designee. The director or the director's designee shall decide, upon consideration of factors consistent with the creation of the financial institution or credit union, whether to issue a certificate of public convenience and advantage.

History of Section.
(P.L. 1995, ch. 82, § 39; P.L. 1997, ch. 98, § 2.)