Section 28. Change of location; change of designation of principal office; approval or refusal; certificate

Upon receipt by the superintendent  of  a  written  application  in proper form from any banking organization or
  foreign corporation for leave to change its place or one of  its  places
  of  business to another place or from any banking organization 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  superintendent shall, if he or she shall be satisfied that
  such change may be permitted under the terms of this  chapter  and  that
  there  is  no  reasonable  objection to such change, execute and issue a
  certificate under the official seal of the department  authorizing  such
  change  and  specifying  the  date  on or after which such change may be
  made, and shall cause the original of such certificate to be transmitted
  to the applicant, a copy to be filed in the office of the department and
  a copy to be filed in the office of the clerk of the county in which the
  principal office of the applicant  is  located,  provided  that  if  the
  proposed  principal  office  is in a different county than the county in
  which the principal office is located at the time of the filing  of  the
  application,  the  superintendent  shall cause copies to be filed in the
  offices of the clerks of both counties. If the superintendent  shall  be
  satisfied in any case that such change is undesirable or inexpedient, he
  or  she  shall  refuse such application and notify the applicant of such
  determination.