Rhode Island General Laws 19-2-12. Relocation of branches
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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.
Terms Used In Rhode Island General Laws 19-2-12
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9