Statute · New York Banking Law
N.Y. Banking Law § 289-a — Immunity of trustee and member savings banks
N.Y. Banking Law § 289-a
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 289-a. Immunity of trustee and member savings banks. The trustee shall in no event be individually liable for anything done or any liability incurred or assumed by virtue hereof, and any such liability shall be collectible only out of the fund, nor shall any member bank be subject to any…
Citator
N.Y. Banking Law § 289-a — Immunity of trustee and member savings banks is in force in the current edition of the Code, and nothing recorded condemns it.
§ 289-a. Immunity of trustee and member savings banks. The trustee shall in no event be individually liable for anything done or any liability incurred or assumed by virtue hereof, and any such liability shall be collectible only out of the fund, nor shall any member bank be subject to any liability except for its unpaid contributions to the fund.