NY Code - Article 11: CREDIT UNIONS

Search NY Code - Article 11: CREDIT UNIONS

• Section 450 Incorporation; organization certificate
• Section 450-A Designation of low income credit union
• Section 450-B Designation of student branches
• Section 451 Proposed bylaws
• Section 452 When corporate existence begins; conditions precedent to commencing business
• Section 453 Corporate credit unions
• Section 454 General powers
• Section 455 Trust powers
• Section 456 Limitations upon powers
• Section 457 Capital
• Section 458-A Maintenance of reserves
• Section 459 Allowance for loan loss
• Section 460 Dividends to shareholders; conditions precedent
• Section 461 Change of location; establishment of stations; extension or revival of corporate existence
• Section 462 Foreign credit unions
• Section 463 Exemptions and individual liability of shareholders
• Section 464 Manner of withdrawal; expulsion or suspension of members; effect upon liabilities to credit unions
• Section 465 Withdrawal of shares after voting to liquidate; notices to shareholders
• Section 466 Meetings of shareholders; voting
• Section 467 Qualifications and disqualifications of directors and committee members
• Section 468 Oaths of directors, officers and members of committees
• Section 469 Vacancies; change in number of directors
• Section 470 Powers and duties of directors; not entitled to compensation; disqualification of directors
• Section 471 Duty of directors and officers
• Section 472 Special duties of directors
• Section 473 Loan officers, credit committee; duties
• Section 474 Loan reports to directors
• Section 475 Supervisory committee; powers and duties
• Section 476 Officers; powers and duties
• Section 477 Retirement and insurance benefits for officers and employees
• Section 478 Amendment of bylaws; approval of superintendent
• Section 479 Credit union not liable for taxation
• Section 480 Fiscal year
• Section 481 Communications from banking department must be submitted to directors and supervisory committee, and noted in the minutes
• Section 482 Reports to superintendent; penalty for failure to make
• Section 483 Penalty for loans to non-members; recovery
• Section 484 Penalty for use of term "credit union"
• Section 485 Entries in books; preservation of records
• Section 486 Conversion of a federal credit union into a state credit union
• Section 486-A Retention of special additional mortgage recording tax exemption for converted federal credit unions
• Section 487 Conversion of a credit union into a federal credit union
• Section 487-A Conversion of a credit union into a mutual savings bank