ยง 486-a. Retention of special additional mortgage recording tax
exemption for converted federal credit unions. Mortgages made by a
credit union that is issued an authorization certificate on or after
January first, two thousand nine pursuant to section four hundred
eighty-six of this article shall be exempt from the special additional
mortgage tax imposed pursuant to paragraph (a) of subdivision one-a of
section two hundred fifty-three of the tax law.
Structure New York Laws
450 - Incorporation; Organization Certificate.
450-A - Designation of Low Income Credit Union.
450-B - Designation of Student Branches.
451-A - Qualifications for Membership.
452 - When Corporate Existence Begins; Conditions Precedent to Commencing Business.
453 - Corporate Credit Unions.
456 - Limitations Upon Powers.
458-A - Maintenance of Reserves.
459 - Allowance for Loan Loss.
460 - Dividends to Shareholders; Conditions Precedent.
461 - Change of Location; Estblishment of Stations; Extension or Revival of Corporate Existence.
463 - Exemptions and Individual Liability of Shareholders.
465 - Withdrawal of Shares After Voting to Liquidate; Notices to Shareholders.
466 - Meetings of Shareholders; Voting.
467 - Qualifications and Disqualifications of Directors and Committee Members.
468 - Oaths of Directors; Officers and Members of Committees.
469 - Vacancies; Change in Number of Directors.
470 - Powers and Duties of Directors; Not Entitled to Compensation; Disqualification of Directors.
471 - Duty of Directors and Officers.
472 - Special Duties of Directors.
473 - Loan Officers, Credit Committee; Duties.
474 - Loan Reports to Directors.
475 - Supervisory Committee; Powers and Duties.
476 - Officers; Powers and Duties.
477 - Retirement and Insurance Benefits for Officers and Employees.
478 - Amendment of Bylaws; Approval of Superintendent.
479 - Credit Union Not Liable for Taxation.
482 - Reports to Superintendent; Penalty for Failure to Make.
483 - Penalty for Loans to Non-Members; Recovery.
484 - Penality for Use of Term "Credit Union".
485 - Entries in Books; Preservation of Records.
486 - Conversion of a Federal Credit Union Into a State Credit Union.
487 - Conversion of a Credit Union Into a Federal Credit Union.
487-A - Conversion of a Credit Union Into a Mutual Savings Bank.