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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 11-A
Credit Union Insurance Fund
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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
This entry was published on 2014-09-22
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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.