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New York Consolidated Laws, Banking Law - BNK § 289-a. Immunity of trustee and member savings banks

Current as of January 01, 2026 | Updated by Findlaw Staff

The trustee shall in no event be individually liable for anything done or any liability incurred or assumed by virtue hereof, and any such liability shall be collectible only out of the fund, nor shall any member bank be subject to any liability except for its unpaid contributions to the fund.

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Cite this article: FindLaw.com - New York Consolidated Laws, Banking Law - BNK § 289-a. Immunity of trustee and member savings banks - last updated January 01, 2026 | https://codes.findlaw.com/ny/banking-law/bnk-sect-289-a/

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