N.Y. BNK Law § 490-J
This is the official text of N.Y. BNK Law § 490-J, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Powers of credit unions with respect to agreement
Official statutory text
§ 490-j. Powers of credit unions with respect to agreement. Any credit\nunion organized under the provisions of this chapter shall have the\npower to become a party to the agreement provided for by this article,\nand to take all actions authorized or required by the terms of such\nagreement and to pay all contributions provided for therein. Any such\ncontributions paid into the fund by any party to such agreement may be\ncarried on its books by such party as an asset to the extent authorized\nby the superintendent.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.