New York Statutes

§ 463 — Exemptions and individual liability of shareholders

New York·Law BNK Banking·Art. 11 Credit Unions
§ 463. Exemptions and individual liability of shareholders. The\ntransfer of the shares of any credit union shall not be taxable under\nthe provisions of article twelve of the tax law.\n The shareholders of a credit union shall not be individually liable\nfor the payment of the credit union's debts.\n

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