ยง 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.
Structure New York Laws
Article 11-A - Credit Union Insurance Fund
490-C - Execution and Filing of Agreement.
490-D - Provisions of Agreement.
490-E - Powers and Duties of Trustee or Trustees.
490-F - Powers of Superintendent to Obtain Payment From Fund.
490-G - Payment of Liquidating Dividends on Uninsured Shares.
490-H - Exemption of Fund From Taxation.