2016 New York Laws
BNK - Banking
Article 13 - (Banking) MERGER; VOLUNTARY DISSOLUTION; SUPERINTENDENT'S TAKING POSSESSION; REORGANIZATION; LIQUIDATION
630 - Claims of shareholders and members of credit unions and savings and loan associations.

 630. Claims of shareholders and members of credit unions and savings
  and  loan  associations. For the purposes of sections six hundred six to
  six hundred thirty-one, both  inclusive,  of  this  chapter,  the  terms
  "depositors"  and "creditors" shall be deemed to include shareholders or
  members of a credit union or savings and loan association, and the terms
  "claims, " "accounts payable, " "deposits" and "deposit accounts"  shall
  be deemed to include the liability of a credit union or savings and loan
  association  to  such  shareholders  or members, provided, however, that
  nothing contained in this section shall in any way affect  any  priority
  over  such  shareholders  or  members to which any general creditor of a
  credit union or savings and loan association would be  entitled  in  the
  absence  of  this  section,  and provided further that the provisions of
  subdivision two of section six hundred twenty of this chapter shall  not
  apply to the claims of creditors entitled to such priority.