N.Y. Banking Law Section 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.

Source: Section 490-G — Payment of liquidating dividends on uninsured shares, https://www.­nysenate.­gov/legislation/laws/BNK/490-G (updated Sep. 22, 2014; accessed May 25, 2024).

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Accessed:
May 25, 2024

Last modified:
Sep. 22, 2014

§ 490-G’s source at nysenate​.gov

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