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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 11
Credit Unions
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SECTION 486
Conversion of a federal credit union into a state credit union
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ARTICLE 11
Credit Unions
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SECTION 487
Conversion of a credit union into a federal credit union
This entry was published on 2014-09-22
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SECTION 486-A
Retention of special additional mortgage recording tax exemption for converted federal credit unions
Banking (BNK) CHAPTER 2, ARTICLE 11
§ 486-a. Retention of special additional mortgage recording tax
exemption for converted federal credit unions. Mortgages made by a
credit union that is issued an authorization certificate on or after
January first, two thousand nine pursuant to section four hundred
eighty-six of this article shall be exempt from the special additional
mortgage tax imposed pursuant to paragraph (a) of subdivision one-a of
section two hundred fifty-three of the tax law.