N.Y. BNK Law § 490-G
This is the official text of N.Y. BNK Law § 490-G, 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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Payment of liquidating dividends on uninsured shares
Official statutory text
§ 490-g. Payment of liquidating dividends on uninsured shares. In the\nevent of liquidation by the superintendent of any credit union which is\na party to the agreement, he shall pay on account of its uninsured share\nliabilities and deposit liabilities, dividends in the same manner and\namount as he would pay on account thereof if none of the share\nliabilities of such credit union were insured.\n
Status: in_force · Read it on the official government site
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