Legislation
SECTION 490-J
Powers of credit unions with respect to agreement
Banking (BNK) CHAPTER 2, ARTICLE 11-A
§ 490-j. Powers of credit unions with respect to agreement. Any credit
union organized under the provisions of this chapter shall have the
power to become a party to the agreement provided for by this article,
and to take all actions authorized or required by the terms of such
agreement and to pay all contributions provided for therein. Any such
contributions paid into the fund by any party to such agreement may be
carried on its books by such party as an asset to the extent authorized
by the superintendent.
union organized under the provisions of this chapter shall have the
power to become a party to the agreement provided for by this article,
and to take all actions authorized or required by the terms of such
agreement and to pay all contributions provided for therein. Any such
contributions paid into the fund by any party to such agreement may be
carried on its books by such party as an asset to the extent authorized
by the superintendent.