New York Statutes
§ 612-A — Payment of wages
New York § 612-A
JurisdictionNew York
Law BNKBanking
Art. 13Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation
This text of New York § 612-A (Payment of wages) 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 § 612-A (2026).
Text
§ 612-a. Payment of wages. All wages actually owing to the employees\nof a banking organization in the possession of the superintendent for\nservices rendered within three months prior to the date when possession\nwas taken, not exceeding two thousand dollars to each employee, shall be\npaid prior to the payment of every other debt or claim, and in the\ndiscretion of the superintendent may be paid as soon as practicable\nafter taking possession, except that at all times the superintendent\nshall reserve such funds as will in his opinion be sufficient for the\nexpenses of administration.\n
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Bluebook (online)
New York § 612-A, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/BNK/612-A.