511 - Change of location; change of designation of principal office.

§ 511.  Change of location; change of designation of principal office.  Any  investment  company  may  make  a  written   application   to   the  superintendent,  such  application to be accompanied by an investigation  fee as prescribed pursuant to section eighteen-a of  this  chapter,  for  leave  to  change  its place or one of its places of business to another  place or for leave to change the designation of its principal office  to  a  branch  office  and  to  change  the designation of one of its branch  offices to its principal office. The application shall state the reasons  for such proposed change, and shall  be  accompanied  by  a  copy  of  a  resolution  authorizing  the  making  of the application, certified by a  principal officer of the investment company to have been adopted by vote  of a majority of its entire board of directors. If the proposed place of  business is within the limits of the village, borough or city, if  in  a  city not divided into boroughs, in which the place of business sought to  be changed is located, such change may be made upon the written approval  of  the  superintendent;  if  beyond such limits, notice of intention to  make such application, signed by a principal officer of the corporation,  shall be published once a week for two successive weeks in  a  newspaper  to  be  designated  by the superintendent for the purpose, in accordance  with  the  provisions  of  article  two  of   this   chapter.   If   the  superintendent shall grant his or her certificate authorizing the change  of  location, as provided in article two of this chapter, the investment  company may, upon or after the day specified in the certificate,  remove  its property and effects to the location designated therein.    Anything contained in this chapter to the contrary notwithstanding, an  investment company to which the provisions of subdivision two of section  thirty-six  of  this chapter are inapplicable may change the location of  its place or one of its places of  business  to  another  place  or  may  change  the  designation  of its principal office to a branch office and  change the designation of one of its branch  offices  to  its  principal  office,  without  applying or obtaining authorization therefor under the  provisions of this section or article two of this chapter, but  no  such  change  shall  be  made  by  an  investment  company until it shall have  notified the superintendent in writing of the new  location  or  of  the  change of designation of its principal office.    If the newly designated principal office be in a different county than  the county in which the principal office is located immediately prior to  the  change, the superintendent shall file in the office of the clerk of  each such county a certificate stating that such change has been made by  the investment company.