New York Laws
Article 11 - Credit Unions
461 - Change of Location; Estblishment of Stations; Extension or Revival of Corporate Existence.

(a) Its board of directors shall submit to the superintendent a
written application setting forth the reasons therefor and the proposed
location of such station or stations.
(b) The superintendent shall have given his written approval thereto.
3. Every application submitted under either subdivision one or two of
this section shall be accompanied by an investigation fee as prescribed
pursuant to section eighteen-a of this chapter.
4. By votes cast by a majority of the shareholders of record entitled
to vote at a meeting called for the purpose, a credit union, not having
perpetual existence, may extend its duration, or, if it ceased to exist
because of the expiration of the duration specified in its organization
certificate, may revive its existence. Such resolution shall be
transmitted to the superintendent, who shall issue, under his hand and
the official seal of the department, in triplicate, a certificate
setting forth the duration of the credit union as extended, which
certificates shall be transmitted and filed in the same manner as
authorization certificates.

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