§ 463. Exemptions and individual liability of shareholders. The\ntransfer of the shares of any credit union shall not be taxable under\nthe provisions of article twelve of the tax law.\n The shareholders of a credit union shall not be individually liable\nfor the payment of the credit union's debts.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.