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N.Y. Banking Law § 445 Preference of Credits
| Library | New York Statutes |
| Edition | 2023 |
| Currency | Current through 2023 NY Law Chapter 777 |
| Year | 2023 |
| Citation | N.Y. Banking Law § 445 |
In case of the insolvency or voluntary or involuntary liquidation of any bank, trust company or savings and loan association, its assets shall be applied in the first place ratably and proportionately to the payment in full of any sum or sums of money deposited therewith by the savings and loan bank or due to the savings and loan bank for subscriptions, sinking funds, interest and principal of bonds, or guaranty of mortgages, notes secured or unsecured or any ot...
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