New York § 628 - 628Payment of dividends when deposits have been made available by Federal Deposit Insurance Corporation
Full text of New York New York Consolidated Laws § 628 — 628Payment of dividends when deposits have been made available by Federal Deposit Insurance Corporation, with citation guidance and answers to common questions.
§ 628. 628Payment of dividends when deposits have been made available by Federal Deposit Insurance Corporation
§ 628. Payment of dividends when deposits have been made available by Federal Deposit Insurance Corporation. When the superintendent shall have taken possession of any banking organization for the purpose of liquidation, and Federal Deposit Insurance Corporation shall have made available to the depositors thereof the amounts of their respective deposits insured by such corporation, he shall be authorized, without requiring assignments from depositors, to pay to such corporation such dividends on account of such insured deposits as such depositors would be entitled to receive had their deposits not been made available to them by such corporation.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 628
What does New York Consolidated Laws § 628 cover?
Section 628 ("628Payment of dividends when deposits have been made available by Federal Deposit Insurance Corporation") 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 § 628?
A common citation format is "New York Consolidated Laws § 628" (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 § 628 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.