§ 19-2-12. Relocation of branches.
Any financial institution or credit union may relocate a branch upon sixty (60) days’ prior written notice to the director, or the director’s designee, provided that the relocated branch is:
(1) To be located within the same city or town as the existing branch; or
(2) To be located within a ten (10) mile radius of the existing branch; and
(3) The existing branch will be closed upon construction and/or occupancy of the relocated branch.
History of Section.P.L. 1995, ch. 82, § 39; P.L. 1997, ch. 98, § 2; P.L. 2011, ch. 347, § 1; P.L. 2011, ch. 387, § 1; P.L. 2022, ch. 338, § 1, effective June 29, 2022; P.L. 2022, ch. 339, § 1, effective June 29, 2022.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-2 - Creation and Expansion
Section 19-2-1. - Agreement to form financial institution.
Section 19-2-2. - Contents of agreement to form.
Section 19-2-3. - Application to form financial institution — Issuance or denial of certificate.
Section 19-2-4. - Notice of subscribers’ meeting.
Section 19-2-5. - Proceedings at subscribers’ meeting.
Section 19-2-6. - Certificate of president and directors elected at first meeting.
Section 19-2-7. - Approval of certificate — Filing — Fee on capital stock.
Section 19-2-8. - Certificate of secretary of state.
Section 19-2-9. - Payment for stock in cash — Certificate authorizing transaction of business.
Section 19-2-10. - Amendment of agreement to form.
Section 19-2-11. - Establishment of branches.
Section 19-2-12. - Relocation of branches.
Section 19-2-14. - Conversion to stock form of financial institution.
Section 19-2-14.1. - Mutual holding companies.
Section 19-2-15. - Approval of amendments to bylaws required.
Section 19-2-16. - Indemnification of officers and employees for acts in course of duties.
Section 19-2-17. - Oath of director.
Section 19-2-18. - Record of meetings of boards and committees.
Section 19-2-19. - Bonds of officers and employees — Supervision by director.