TITLE 19
Financial institutions

CHAPTER 19-2
Creation and Expansion

SECTION 19-2-12


§ 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 one mile radius of the existing branch; and

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

History of Section.
(P.L. 1995, ch. 82, § 39; P.L. 1997, ch. 98, § 2; P.L. 2011, ch. 347, § 1; P.L. 2011, ch. 387, § 1.)