{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1135.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1135.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1135.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1135.html"}],"law_id":75371,"edition_id":1,"section_id":75371,"structure_id":14840,"section_number":"6.2-1135","catch_line":"Change of branch office location","history":"1985, c. 425, \u00a7 6.1-194.28; 1991, c. 230, \u00a7 6.1-194.121; 2010, c. 794.","full_text":"A\n\nA state savings institution shall not change the permanent location of a branch office without the prior approval of the Commission. An application to change the location of a branch office shall be made in writing in such form as may be prescribed by the Commission. Such application shall be approved by the Commission if the Commission finds that the change in location is in the public interest.B\n\nNotwithstanding the provisions of subsection A, a state savings institution may change the permanent location of a branch office, without applying for the approval of the Commission, if the new location will be within a one mile radius of the old location of such branch office. In such event, the state savings institution shall notify the Commissioner in writing, in such form as may be prescribed by the Commissioner, at least 60 days before such office relocation and may proceed with the relocation unless, within 30 days of receipt of the notice, the Commissioner notifies the institution that the relocation is not in the public interest. In that event, the institution shall be required to file an application and obtain the approval of the Commission in accordance with subsection A. The institution shall also notify the Commissioner in writing that the office relocation has been completed within 10 days after the opening of the office at its new location.C\n\nThe provisions of subsections A and B shall also apply to foreign savings institutions authorized to transact business in the Commonwealth.D\n\nThe provisions of this section shall also apply to the relocation of the main office of a state savings institution if it intends to accept deposits at the new location of the main office.","order_by":null,"text":{"0":{"id":270534,"text":"A state savings institution shall not change the permanent location of a branch office without the prior approval of the Commission. An application to change the location of a branch office shall be made in writing in such form as may be prescribed by the Commission. Such application shall be approved by the Commission if the Commission finds that the change in location is in the public interest.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":270535,"text":"Notwithstanding the provisions of subsection A, a state savings institution may change the permanent location of a branch office, without applying for the approval of the Commission, if the new location will be within a one mile radius of the old location of such branch office. In such event, the state savings institution shall notify the Commissioner in writing, in such form as may be prescribed by the Commissioner, at least 60 days before such office relocation and may proceed with the relocation unless, within 30 days of receipt of the notice, the Commissioner notifies the institution that the relocation is not in the public interest. In that event, the institution shall be required to file an application and obtain the approval of the Commission in accordance with subsection A. The institution shall also notify the Commissioner in writing that the office relocation has been completed within 10 days after the opening of the office at its new location.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":270536,"text":"The provisions of subsections A and B shall also apply to foreign savings institutions authorized to transact business in the Commonwealth.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":270537,"text":"The provisions of this section shall also apply to the relocation of the main office of a state savings institution if it intends to accept deposits at the new location of the main office.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14840,"edition_id":1,"name":"Offices, Branches, and Facilities","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13490,"metadata":{},"date_created":"2026-06-26 03:50:18","date_modified":"2026-06-26 03:50:18","permalink":{"id":264239,"object_type":"structure","relational_id":14840,"identifier":"3","token":"6.2\/II\/11\/3","url":"\/6.2\/II\/11\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13490,"edition_id":1,"name":"Savings Institutions","identifier":"11","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:01","date_modified":"2026-06-26 03:45:01","permalink":{"id":264101,"object_type":"structure","relational_id":13490,"identifier":"11","token":"6.2\/II\/11","url":"\/6.2\/II\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":68879,"structure_id":14840,"section_number":"6.2-1133","catch_line":"Offices and other facilities of state and foreign savings institutions; approval of branch offices required","url":"\/6.2-1133\/","token":"6.2\/II\/11\/3\/6.2-1133","metadata":false},{"id":69733,"structure_id":14840,"section_number":"6.2-1134","catch_line":"Facilities associated with branch office","url":"\/6.2-1134\/","token":"6.2\/II\/11\/3\/6.2-1134","metadata":false},{"id":75371,"structure_id":14840,"section_number":"6.2-1135","catch_line":"Change of branch office location","url":"\/6.2-1135\/","token":"6.2\/II\/11\/3\/6.2-1135","metadata":false},{"id":78272,"structure_id":14840,"section_number":"6.2-1136","catch_line":"Remote service units","url":"\/6.2-1136\/","token":"6.2\/II\/11\/3\/6.2-1136","metadata":false},{"id":56733,"structure_id":14840,"section_number":"6.2-1137","catch_line":"Off premises financial services","url":"\/6.2-1137\/","token":"6.2\/II\/11\/3\/6.2-1137","metadata":false},{"id":61335,"structure_id":14840,"section_number":"6.2-1138","catch_line":"Suspension of business during actual or threatened emergency","url":"\/6.2-1138\/","token":"6.2\/II\/11\/3\/6.2-1138","metadata":false}],"previous_section":{"id":69733,"structure_id":14840,"section_number":"6.2-1134","catch_line":"Facilities associated with branch office","url":"\/6.2-1134\/","token":"6.2\/II\/11\/3\/6.2-1134","metadata":false},"next_section":{"id":78272,"structure_id":14840,"section_number":"6.2-1136","catch_line":"Remote service units","url":"\/6.2-1136\/","token":"6.2\/II\/11\/3\/6.2-1136","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1135\/","history_text":"

This law was first created in 1985. The record of its establishment is cataloged in chapter 425 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1991, chapter 230; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":264249,"object_type":"law","relational_id":75371,"identifier":"6.2-1135","token":"6.2\/II\/11\/3\/6.2-1135","url":"\/6.2-1135\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1135\/","token":"6.2\/II\/11\/3\/6.2-1135","dublin_core":{"Title":"Change of branch office location","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1135","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A state savings institution<\/span> shall not change the permanent location of a branch office<\/span> without the prior approval of the Commission<\/span>. An application to change the location of a branch office<\/span> shall be made in writing in such form as may be prescribed by the Commission<\/span>. Such application shall be approved by the Commission<\/span> if the Commission<\/span> finds that the change in location is in the public interest. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Notwithstanding the provisions of subsection A, a state savings institution<\/span> may change the permanent location of a branch office<\/span>, without applying for the approval of the Commission<\/span>, if the new location will be within a one mile radius of the old location of such branch office<\/span>. In such event, the state savings institution<\/span> shall notify the Commissioner<\/span> in writing, in such form as may be prescribed by the Commissioner<\/span>, at least 60 days before such office relocation and may proceed with the relocation unless, within 30 days of receipt of the notice, the Commissioner<\/span> notifies the institution that the relocation is not in the public interest. In that event, the institution shall be required to file an application and obtain the approval of the Commission<\/span> in accordance with subsection A. The institution shall also notify the Commissioner<\/span> in writing that the office relocation has been completed within 10 days after the opening of the office at its new location. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The provisions of subsections A and B shall also apply to foreign savings institutions<\/span> authorized to transact business in the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The provisions of this section shall also apply to the relocation of the main office<\/span> of a state savings institution<\/span> if it intends to accept deposits at the new location of the main office<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCHANGE OF BRANCH OFFICE LOCATION (\u00a7 6.2-1135)\n\nA. A state savings institution shall not change the permanent location of a\nbranch office without the prior approval of the Commission. An application to\nchange the location of a branch office shall be made in writing in such form as\nmay be prescribed by the Commission. Such application shall be approved by the\nCommission if the Commission finds that the change in location is in the public\ninterest.\n\nB. Notwithstanding the provisions of subsection A, a state savings institution\nmay change the permanent location of a branch office, without applying for the\napproval of the Commission, if the new location will be within a one mile radius\nof the old location of such branch office. In such event, the state savings\ninstitution shall notify the Commissioner in writing, in such form as may be\nprescribed by the Commissioner, at least 60 days before such office relocation\nand may proceed with the relocation unless, within 30 days of receipt of the\nnotice, the Commissioner notifies the institution that the relocation is not in\nthe public interest. In that event, the institution shall be required to file an\napplication and obtain the approval of the Commission in accordance with\nsubsection A. The institution shall also notify the Commissioner in writing that\nthe office relocation has been completed within 10 days after the opening of the\noffice at its new location.\n\nC. The provisions of subsections A and B shall also apply to foreign savings\ninstitutions authorized to transact business in the Commonwealth.\n\nD. The provisions of this section shall also apply to the relocation of the main\noffice of a state savings institution if it intends to accept deposits at the\nnew location of the main office.\n\nHISTORY: 1985, c. 425, \u00a7 6.1-194.28; 1991, c. 230, \u00a7 6.1-194.121; 2010, c.\n794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}