N.Y. Banking Law § 28: Change of location; change of designation of principal office; approval or refusal; certificate

§ 28. Change of location; change of designation of principal office;

approval or refusal; certificate. Upon receipt by the superintendent of

a written application in proper form from any banking organization or

foreign corporation for leave to change its place or one of its places

of business to another place or from any banking organization 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 superintendent shall, if he or she shall be satisfied that

such change may be permitted under the terms of this chapter and that

there is no reasonable objection to such change, execute and issue a

certificate under the official seal of the department authorizing such

change and specifying the date on or after which such change may be

made, and shall cause the original of such certificate to be transmitted

to the applicant, a copy to be filed in the office of the department and

a copy to be filed in the office of the clerk of the county in which the

principal office of the applicant is located, provided that if the

proposed principal office is in a different county than the county in

which the principal office is located at the time of the filing of the

application, the superintendent shall cause copies to be filed in the

offices of the clerks of both counties. If the superintendent shall be

satisfied in any case that such change is undesirable or inexpedient, he

or she shall refuse such application and notify the applicant of such

determination.