Legislation

Search OpenLegislation Statutes

previous
  • SECTION 289
    Confirmation of powers
    • up
  • ARTICLE 6-B
    Fund For Insuring Deposits In Savings Banks And/or Otherwise Protecting Depositors
    • next
  • SECTION 289-B
    Construction
    • Viewing most recent revision (from 2014-09-22)

    SECTION 289-A

    Immunity of trustee and member savings banks

    Banking (BNK) CHAPTER 2, ARTICLE 6-B

    § 289-a. Immunity of trustee and member savings banks. The trustee
    shall in no event be individually liable for anything done or any
    liability incurred or assumed by virtue hereof, and any such liability
    shall be collectible only out of the fund, nor shall any member bank be
    subject to any liability except for its unpaid contributions to the
    fund.