{"data":{"id":"us-ny/n.y.-banking-law-490-b","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 490-b","heading":"Management of fund","body":"§ 490-b. Management of fund. The fund shall be collected, held,\nadministered and disbursed by a corporate trustee or a board of trustees\ncomposed of individuals who are directors or members of a supervisory\ncommittee of credit unions. The appointment of a corporate trustee or a\nboard of trustees, as the case may be, shall be subject to the approval\nof the superintendent. In the event there be a board of individual\ntrustees, a majority of them at any time in office, shall constitute a\nquorum and the vote of a majority present at any meeting, provided a\nquorum is present, shall be determinative.","path":["Banking Law","Article 11-A. Credit Union Insurance Fund"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/490-B","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"6e7e01145b993673808e46d175b706e3db1fde9889f7dc72a58fa6625a52aeb0","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-490-a","next":"us-ny/n.y.-banking-law-490-c"},"notice":"GroundRules: Original legal text. Not legal advice."}