N.Y. Banking Law § 511: Change of location; change of designation of principal office

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

Any investment company may make a written application to the

superintendent, such application to be accompanied by an investigation

fee as prescribed pursuant to section eighteen-a of this chapter, for

leave to change its place or one of its places of business to another

place 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 investment company to have been adopted by vote

of a majority of its entire board of directors. 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 beyond such limits, notice of intention to

make such application, signed by a principal officer of the corporation,

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 or her certificate authorizing the change

of location, as provided in article two of this chapter, the investment

company may, upon or after the day specified in the certificate, remove

its property and effects to the location designated therein.

Anything contained in this chapter to the contrary notwithstanding, an

investment company to which the provisions of subdivision two of section

thirty-six of this chapter are inapplicable may change the location of

its place or one of its places of business to another place or may

change the designation of its principal office to a branch office and

change the designation of one of its branch offices to its principal

office, without applying or obtaining authorization therefor under the

provisions of this section or article two of this chapter, but no such

change shall be made by an investment company until it shall have

notified the superintendent in writing of the new location or of the

change of designation of its principal office.

If the newly designated principal office be in a different county than

the county in which the principal office is located immediately prior to

the change, the superintendent shall file in the office of the clerk of

each such county a certificate stating that such change has been made by

the investment company.