Section 449-20.5 - Closing branch office(a) An escrow depository shall give the commissioner notice of its intent to close any branch office at least thirty days prior to the closing. The notice shall: (1) State the intended date of closing;(2) Specify the reasons for the closing; and(3) Contain a certification by the secretary or other authorized officer of the escrow depository that the decision to close was duly approved by its board of directors.(b) After closing a branch office, the escrow depository shall promptly thereafter surrender to the commissioner the branch office license for that location. L 2001, c 184 , pt of §1 .