Section 461. Change of location; establishment of stations; extension or revival of corporate existence

1. Any credit union may make  a  written  application  to  the  superintendent  for  leave  to change its place of
  business to another place within the state of New York. 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 credit union to
  have been adopted by a vote  of  a  majority  of  its  entire  board  of
  directors  at  a  meeting  of  such  board, duly convened and held. Such
  change may be made upon the written approval of the  superintendent.  If
  the superintendent shall grant his certificate authorizing the change of
  location,  as  provided in article two of this chapter, the credit union
  may, upon or after the day specified  in  the  certificate,  remove  its
  property and effects to the location designated therein.
    2.  Subject  to  such regulations as the superintendent may adopt, any
  credit union, may open and maintain within or without the state, in  any
  locality  in  which  a  substantial  portion  of  its  actual  potential
  membership is employed or residing, one or more stations for the conduct
  of its business provided that before any such station or stations  shall
  be opened or maintained or removed to a new location:
    (a)  Its  board  of  directors  shall  submit  to the superintendent a
  written application setting forth the reasons therefor and the  proposed
  location of such station or stations.
    (b) The superintendent shall have given his written approval thereto.
    3.  Every application submitted under either subdivision one or two of
  this section shall be accompanied by an investigation fee as  prescribed
  pursuant to section eighteen-a of this chapter.
    4.  By votes cast by a majority of the shareholders of record entitled
  to vote at a meeting called for the purpose, a credit union, not  having
  perpetual  existence, may extend its duration, or, if it ceased to exist
  because of the expiration of the duration specified in its  organization
  certificate,   may  revive  its  existence.  Such  resolution  shall  be
  transmitted to the superintendent, who shall issue, under his  hand  and
  the  official  seal  of  the  department,  in  triplicate, a certificate
  setting forth the duration  of  the  credit  union  as  extended,  which
  certificates  shall  be  transmitted  and  filed  in  the same manner as
  authorization certificates.