New York § 446 Exemptions

New York Statutes

§ 446 — Exemptions

New York § 446

Law BNKBanking

Art. 10-BSavings and Loan Bank of the State of New York

This text of New York § 446 (Exemptions) 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 § 446 (2026).

Text

  § 446. Exemptions. The bonds and notes issued by the savings and loan\nbank and the savings and loan bank itself, together with its capital,\naccumulations and funds, shall have the same exemption from taxation as\nother institutions for savings. No law which taxes corporations in any\nform, or the shares thereof, or the accumulations therein, shall be\ndeemed to include the savings and loan bank or its issues of bonds or\nnotes unless they are specifically named in such law.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 446. Exemptions. The bonds and notes issued by the savings and loan\nbank and the savings and loan bank itself, together with its capital,\naccumulations and funds, shall have the same exemption from taxation as\nother institutions for savings. No law which taxes corporations in any\nform, or the shares thereof, or the accumulations therein, shall be\ndeemed to include the savings and loan bank or its issues of bonds or\nnotes unless they are specifically named in such law.\n