N.Y. BNK Law § 452
This is the official text of N.Y. BNK Law § 452, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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When corporate existence begins; conditions precedent to commencing business
Official statutory text
§ 452. When corporate existence begins; conditions precedent to\ncommencing business. When the superintendent shall have endorsed his\napproval on the organization certificate, as provided in article two of\nthis chapter, the corporate existence of the credit union shall begin,\nand it shall then have power to elect officers and to transact such\nother business as relates to its organization. But it shall transact no\nother business until the superintendent shall have duly issued to it the\nauthorization certificate specified in article two of this chapter.\n
Status: in_force · Read it on the official government site
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