Statute · New York Banking Law
N.Y. Banking Law § 490-g — Payment of liquidating dividends on uninsured shares
N.Y. Banking Law § 490-g
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 490-g. Payment of liquidating dividends on uninsured shares. In the event of liquidation by the superintendent of any credit union which is a party to the agreement, he shall pay on account of its uninsured share liabilities and deposit liabilities, dividends in the same manner and amount as…
Citator
N.Y. Banking Law § 490-g — Payment of liquidating dividends on uninsured shares is in force in the current edition of the Code, and nothing recorded condemns it.
§ 490-g. Payment of liquidating dividends on uninsured shares. In the event of liquidation by the superintendent of any credit union which is a party to the agreement, he shall pay on account of its uninsured share liabilities and deposit liabilities, dividends in the same manner and amount as he would pay on account thereof if none of the share liabilities of such credit union were insured.