Section 331 - Applicability of chapter; statewide branching1.Applicability. 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).]
2.Statewide branching. 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) .