N.Y. Banking Law § 483 Penalty For Loans to Non-Members; Recovery
| Library | New York Statutes |
| Edition | 2023 |
| Currency | Current through 2023 NY Law Chapter 777 |
| Year | 2023 |
| Citation | N.Y. Banking Law § 483 |
Any officer, director or member of a committee of a credit union who knowingly permits a loan to be made or participates in a loan to a non-member of the corporation shall be guilty of a misdemeanor and shall be primarily liable to the corporation for the amount thus illegally loaned, and the illegality ...
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