N.Y. Banking Law § 321: Change of location; change of designation of principal office

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

Any safe deposit company may make a written application to the

superintendent for leave to change its place or one of its places of

business to any place at which it could be authorized, under the

provisions of this chapter, to open and maintain a branch office or 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 application shall state the reasons for such

proposed change, and shall be accompanied by a copy of a resolution

authorizing the making of the application, certified by a principal

officer of the safe deposit company to have been adopted by vote of a

majority of its entire board of directors at a meeting of such board,

duly convened and held, as well as by a fee as prescribed pursuant to

section eighteen-a of this chapter. If the proposed place of business is

within the limits of the village, borough or city if in a city not

divided into boroughs, in which the place of business sought to be

changed is located, such change may be made upon the written approval of

the superintendent. If the proposed place of business is beyond such

limits, notice of intention to make such application, signed by a

principal officer of the safe deposit company shall be published once a

week for two successive weeks in a newspaper to be designated by the

superintendent for the purpose, in accordance with the provisions of

article two of this chapter. If the superintendent shall grant his

certificate authorizing the change of location, as provided in article

two of this chapter, the safe deposit company may, upon or after the day

specified in the certificate, remove its property and effects to the

location designated therein.