§ 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 one 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.)
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