New York Laws
Article 47 - Municipal Cooperative Health Benefit Plans
4713 - Plan Dissolution.

(b) No part of any funds of the municipal cooperative health benefit
plan shall be subject to the claims of general creditors of any
participating municipal corporation until all plan benefits and other
plan obligations have been satisfied.
(c) The superintendent may maintain a proceeding under article
seventy-four of this chapter to rehabilitate or liquidate the business
of a municipal cooperative health benefit plan, which shall be
considered an insurer for such purpose under section seven thousand four
hundred one of this chapter.

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