Change of Location

No association shall change the location of its principal office or of any branch except with the approval of the commissioner. If the proposed change is from one municipality to another the commissioner shall, and in any other case the commissioner may, hold a hearing upon the proposed change. If a hearing is held, the commissioner shall mail notice of such hearing to each association in this territory at least 10 days before such hearing, and the association requesting the commissioner’s approval shall pay him a fee of one hundred dollars ($100) before such notices are mailed.