Section 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.