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  • SECTION 490-F
    Powers of superintendent to obtain payment from fund
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  • ARTICLE 11-A
    Credit Union Insurance Fund
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  • SECTION 490-H
    Exemption of fund from taxation
    • Viewing most recent revision (from 2014-09-22)

    SECTION 490-G

    Payment of liquidating dividends on uninsured shares

    Banking (BNK) CHAPTER 2, ARTICLE 11-A

    § 490-g. Payment of liquidating dividends on uninsured shares. In the
    event of liquidation by the superintendent of any credit union which is
    a party to the agreement, he shall pay on account of its uninsured share
    liabilities and deposit liabilities, dividends in the same manner and
    amount as he would pay on account thereof if none of the share
    liabilities of such credit union were insured.