A credit union may:

1. (1) with department approval; or

2. (2) by meeting the department's established criteria to be exempt from the department's approval;

   change its place of business. The department may deny the change of location if the new situs is undesirable or would detrimentally affect the operation of the credit union.

As amended by P.L.263-1995, SEC.25; P.L.69-2018, SEC.57.