New York Laws
Article 13 - Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation
630 - Claims of Shareholders and Members of Credit Unions and Savings and Loan Associations.

§ 630. Claims of shareholders and members of credit unions and savings
and loan associations. For the purposes of sections six hundred six to
six hundred thirty-one, both inclusive, of this chapter, the terms
"depositors" and "creditors" shall be deemed to include shareholders or
members of a credit union or savings and loan association, and the terms
"claims, " "accounts payable, " "deposits" and "deposit accounts" shall
be deemed to include the liability of a credit union or savings and loan
association to such shareholders or members, provided, however, that
nothing contained in this section shall in any way affect any priority
over such shareholders or members to which any general creditor of a
credit union or savings and loan association would be entitled in the
absence of this section, and provided further that the provisions of
subdivision two of section six hundred twenty of this chapter shall not
apply to the claims of creditors entitled to such priority.

Structure New York Laws

Article 13 - Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation

600 - Merger; When Authorized.

601 - Merger Agreement; Authorization; Approval; Filing.

601-A - Purchase of Assets.

601-B - Approval or Disapproval of Merger or Purchase of Assets.

601-C - Sale, Lease, Exchange or Other Disposition of Property, Rights, Privileges and Franchises.

602 - Effect of Merger.

603 - Issuance of New Certificates of Stock or Other Consideration.

604 - Rights of Dissenting Stockholders.

604-A - Transfer of Fiduciary Relationships.

605 - Voluntary Liquidation; Sale of Assets; Forfeiture of Charter by Non-User.

605-A - Transfer of Deposit Liabilities of Bank or Trust Company; Sale or Pledge of Assets to Facilitate Such Transfer.

606 - When Superintendent May Take Possession of Banking Organization; When Possession May Be Surrendered.

607 - Manner and Time Within Which Taking Possession May Be Tested.

609 - Resumption of Business by Bank, Trust Company or Industrial Bank; Retirement of Certificates; Applicability to Stock-Form Savings Banks and Stock-Form

610 - Resumption of Business in Accordance With Plan of Reorganization.

611 - Special Deputies; Assistants; Counsel and Other Employees.

611-A - Appointment of Single Judge.

612 - Certificates to Be Recorded and Received in Evidence.

612-A - Payment of Wages.

613 - Payment by Superintendent of Expenses of Liquidation.

614 - Obtaining Possession of Pleadings, Et Cetera, in Actions Against Which Attorneys' Liens Are Asserted.

615 - On Taking Possession, Superintendent Shall Notify Those Holding Assets; Effect of Notification; Turnover of Assets and Payment of Debts Owed to the Ba

616 - Inventory of Assets; Where Filed.

617 - Disposition of Property Held as Bailee, or Depositary; Opening of Safe Deposit Boxes; Disposal of Contents.

618 - Liquidation and Conservation of Assets; Compromising Debts and Claims; Deposit of Moneys Collected; Preference; Superintendent, as Liquidator, Authori

618-A - Repudiation of Contracts.

619 - Prosecution and Defense of Actions; Actions Preferred; Limitations; Power to Execute Instruments; Exemption From Filing and Other Fees.

620 - Notice to Creditors to Make Proof of Claims; Form of Claims; Claims for Priority of Payment.

620-A - Certain Claims Shall Not Be Accepted.

622 - List of Claims Duly Presented; Filing.

623 - Filing Objections to Claims Presented or Listed; Procedure Upon Claim Under Objection.

624 - Acceptance and Rejection of Claims and Accounts; Filing of List Thereof; Secured Claims and Accounts; Determination of Priorities.

625 - Effect of Accepting Claims and Accounts; Limitation Upon Actions to Establish Claims and Accounts; Necessary Allegations; Effect of Judgment.

626 - Judgments Recovered Shall Not Be Liens.

627 - Dividends to Creditors; Distributions to Stockholders; Dissolution; Destruction of Documents.

628 - Payment of Dividends When Deposits Have Been Made Available by Federal Deposit Insurance Corporation.

629 - Payment of Dividends to Minors, Trustees or Joint Depositors; Payment of Dividends Where Adverse Claim Is Asserted; Interpleader in Certain Actions.

630 - Claims of Shareholders and Members of Credit Unions and Savings and Loan Associations.

631 - Actions Against Directors, Trustees, Managers or Officers for Violation of Their Official Duties.

633 - Service of Notice or Process During Time of War.

634 - Power to Appoint Regulator or Insurer as Receiver; Additional Powers.