3 CRR-NY 97.6NY-CRR
3 CRR-NY 97.6
3 CRR-NY 97.6
97.6 Separate existence of credit union organization.
Every credit union organization shall be operated in a manner which demonstrates to the public that the organization has separate corporate existence and is operationally distinct from its member credit unions. Every instrument which evidences a borrowing by a credit union organization shall specifically indicate whether or not, and to what extent, its member credit unions are liable for such borrowing.
3 CRR-NY 97.6
Current through January 31, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.