Ky. Rev. Stat. § 286.3-185

Current through 2024 Ky. Acts ch. 225
Section 286.3-185 - Change of location - Approval by commissioner

A bank may move its principal office or a branch from one (1) location to another. A bank, except for a bank that the commissioner may designate through the promulgation of administrative regulations, shall apply to the commissioner for approval to relocate its principal office or a branch. Before the commissioner shall approve or disapprove any change of location, he shall ascertain and determine that the public convenience and advantage will be served and promoted and that there is a reasonable probability of the successful operation of the branch or principal office at the new location. The relocation of a branch within the same vicinity or immediate neighborhood that does not substantially affect the nature of the business or customers served shall not be considered a branch closure subject to the provisions of KRS 286.3-180(6).

KRS 286.3-185

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 629, effective7/15/2010; and ch. 28, sec. 14, effective7/15/2010. -- Amended 2000, Ky. Acts ch. 279, sec. 5, effective 7/14/2000. -- Amended 1990 Ky. Acts ch. 73, sec. 2, effective 7/13/1990. --Amended 1986 Ky. Acts ch. 444, sec. 8, effective 7/15/1986. -- Created 1976 Ky. Acts ch. 234, sec. 6.