New York § 479 Credit union not liable for taxation

New York Statutes

§ 479 — Credit union not liable for taxation

New York § 479

Law BNKBanking

Art. 11Credit Unions

This text of New York § 479 (Credit union not liable for taxation) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Banking § 479 (2026).

Text

  § 479. Credit union not liable for taxation.  Any credit union subject\nto the provisions of this article shall be deemed an institution for\nsavings within the meaning of the law which exempts such institutions\nfrom taxation. No law which taxes corporations in any form, or the\nshares thereof or the accumulations therein, shall apply to corporations\ndoing business in accordance with the provisions of this article, unless\nsuch corporations are specifically named in said law.\n

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§ 479. Credit union not liable for taxation. Any credit union subject\nto the provisions of this article shall be deemed an institution for\nsavings within the meaning of the law which exempts such institutions\nfrom taxation. No law which taxes corporations in any form, or the\nshares thereof or the accumulations therein, shall apply to corporations\ndoing business in accordance with the provisions of this article, unless\nsuch corporations are specifically named in said law.\n