New York Banking Code § 490-I

Liability for payment of contributions
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§ 490-i. Liability for payment of contributions. Any credit union\nwhich is a party to the agreement provided for by this article shall be\nliable for the payment of any contribution called for by the trustee or\ntrustees pursuant to such agreement in the same manner as it would be\nliable for the payment of a debt otherwise contracted.\n

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