New York § 440 - 440Commissions and payment of expenses
Full text of New York New York Consolidated Laws § 440 — 440Commissions and payment of expenses, with citation guidance and answers to common questions.
§ 440. 440Commissions and payment of expenses
§ 440. Commissions and payment of expenses. The savings and loan bank may charge each member an annual commission, not to exceed one-half of one per centum, upon the outstanding bonds and notes issued in its behalf, provided, however, that the rate of commission in any year shall be the same on all outstanding obligations in respect to which a commission is charged; or in lieu of charging such commissions the expenses incurred on account of any such obligations may be charged to the member on whose behalf such obligations are issued.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 440
What does New York Consolidated Laws § 440 cover?
Section 440 ("440Commissions and payment of expenses") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 440?
A common citation format is "New York Consolidated Laws § 440" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 440 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.