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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) An association may not maintain any office for the conduct of its business other than:
(1) Its principal place of business,
(2) Branches authorized prior to the effective date of this act or authorized pursuant to this act.
(b) Any association which prior to January 1, 1954 had authorized any corporation or person to collect money on savings, mortgages, and other loans, in any city, borough or township in the Commonwealth other than a place of business of the association permitted by prior acts and, in the case of merger or consolidation, a resulting association, may continue to collect money on savings, mortgages and other loans in any such communities through any such corporations or persons and may appoint successors in their stead in any city, borough or township in the Commonwealth.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-51. Authorized offices - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-7-ps-banks-and-banking/pa-st-sect-7-6020-51/
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