§ 19-2-12 - Relocation of branches. - Rhode-island Statutes

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Statutes > Rhode-island > Title-19 > Chapter-19-2 > 19-2-12

SECTION 19-2-12

§ 19-2-12 Relocation of branches. –(a) Any financial institution or credit union may relocate a branch uponwritten application to the director or the director's designee, provided thatthe relocated branch is:

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

(2) To be located within a one mile radius of the existingbranch; and

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

(b) The director or the director's designee shall review allwritten applications for relocation of branches and may approve theseapplications at his or her discretion.

State Codes and Statutes

Statutes > Rhode-island > Title-19 > Chapter-19-2 > 19-2-12

SECTION 19-2-12

§ 19-2-12 Relocation of branches. –(a) Any financial institution or credit union may relocate a branch uponwritten application to the director or the director's designee, provided thatthe relocated branch is:

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

(2) To be located within a one mile radius of the existingbranch; and

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

(b) The director or the director's designee shall review allwritten applications for relocation of branches and may approve theseapplications at his or her discretion.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-19 > Chapter-19-2 > 19-2-12

SECTION 19-2-12

§ 19-2-12 Relocation of branches. –(a) Any financial institution or credit union may relocate a branch uponwritten application to the director or the director's designee, provided thatthe relocated branch is:

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

(2) To be located within a one mile radius of the existingbranch; and

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

(b) The director or the director's designee shall review allwritten applications for relocation of branches and may approve theseapplications at his or her discretion.