{"data":{"id":"us-ny/n.y.-banking-law-463","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 463","heading":"Exemptions and individual liability of shareholders","body":"§ 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.","path":["Banking Law","Article 11. Credit Unions"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/463","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"0e9641e2c29d4633e0ac408ebe0ea97cdb351c7fbeefa26685d90ebb99733047","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-462","next":"us-ny/n.y.-banking-law-464"},"notice":"GroundRules: Original legal text. Not legal advice."}