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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 10-B
Savings and Loan Bank of the State of New York
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SECTION 445
Preference of credits
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ARTICLE 10-B
Savings and Loan Bank of the State of New York
This entry was published on 2014-09-22
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SECTION 446
Exemptions
Banking (BNK) CHAPTER 2, ARTICLE 10-B
§ 446. Exemptions. The bonds and notes issued by the savings and loan
bank and the savings and loan bank itself, together with its capital,
accumulations and funds, shall have the same exemption from taxation as
other institutions for savings. No law which taxes corporations in any
form, or the shares thereof, or the accumulations therein, shall be
deemed to include the savings and loan bank or its issues of bonds or
notes unless they are specifically named in such law.