State Codes and Statutes

Statutes > New-york > Bnk > Article-11-a > 490-g

§  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.

State Codes and Statutes

Statutes > New-york > Bnk > Article-11-a > 490-g

§  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.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bnk > Article-11-a > 490-g

§  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.