New York § 490-G Payment of liquidating dividends on uninsured shares

New York Statutes

§ 490-G — Payment of liquidating dividends on uninsured shares

New York § 490-G

Law BNKBanking

Art. 11-ACredit Union Insurance Fund

This text of New York § 490-G (Payment of liquidating dividends on uninsured shares) 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 § 490-G (2026).

Text

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

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