Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS
Chapter 33: BRANCHES
§331. Applicability of chapter; statewide branching
The provisions of this chapter govern the establishment of a branch office or agency
by a financial institution subject to the laws of this State.
1997, c. 398, Pt. E, §1 (AMD)
Subject to the conditions and limitations contained in this chapter, a financial
institution may establish a branch anywhere within this State, except that a financial institution may not establish a branch within 1.5 miles
of any location of an affiliate where the affiliate engages in commercial activity
and may not conduct any commercial activity at any branch.
2007, c. 69, §2 (AMD)
1975, c. 500, §1 (NEW).
1997, c. 398, §E1 (AMD).
2007, c. 69, §2 (AMD).
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