# N.Y. BNK Law § 450-B: Designation of student branches

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S450-B

## Section

- **Citation:** N.Y. BNK Law § 450-B
- **Heading:** Designation of student branches
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act BNK / Article 11 / Section 450-B

## Text

§ 450-b. Designation of student branches. 1. As used in this section\nthe following terms shall have the following meanings:\n (a) "school" shall mean any public or private elementary or secondary\nschool;\n (b) "student" shall mean a child enrolled in a school;\n (c) "student branch" shall mean the designation provided to the credit\nunion pertaining to the in-school services and financial education\noffered to students. A student branch shall not be deemed to be a\nstation and shall not be subject to any of the provisions of this\narticle applicable to stations; provided, however, that a credit union\nshall provide written notice to the superintendent of the establishment\nof any such student branch.\n 2. A credit union organized under this article may upon agreement with\na school's governing body open and maintain a student branch.\n 3. Notwithstanding any other provision of this article any student\nenrolled in the school maintaining a student branch who is not otherwise\nqualified for membership in the credit union is hereby qualified for a\nstudent membership. Said student membership shall expire thirty days\nafter the student's graduation from secondary school, transfer to\nanother school or termination of enrollment. The student branch shall be\nfor the express use of the students and may not be used by faculty,\nstaff or lineal ancestors or descendants of students. Neither faculty,\nstaff nor lineal ancestors or descendants of student members are\neligible for membership in the credit union unless otherwise qualified\nunder this article.\n 4. The superintendent may promulgate regulations appropriate to the\nformation and operation of student branches.\n

## Nearby sections

- [N.Y. BNK Law § 450 Incorporation; organization certificate](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S450.md)
- [N.Y. BNK Law § 450-A Designation of low income credit union](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S450-A.md)
- [N.Y. BNK Law § 450-B Designation of student branches](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S450-B.md)
- [N.Y. BNK Law § 451 Proposed bylaws](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S451.md)
- [N.Y. BNK Law § 451-A Qualifications for membership](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S451-A.md)
- [N.Y. BNK Law § 452 When corporate existence begins; conditions precedent to commencing business](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S452.md)
- [N.Y. BNK Law § 453 Corporate credit unions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S453.md)
- [N.Y. BNK Law § 454 General powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S454.md)
- [N.Y. BNK Law § 455 Trust powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S455.md)
- [N.Y. BNK Law § 456 Limitations upon powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S456.md)
- [N.Y. BNK Law § 457 Capital](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S457.md)
- [N.Y. BNK Law § 458-A Maintenance of reserves](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S458-A.md)
- [N.Y. BNK Law § 459 Allowance for loan loss](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S459.md)
- [N.Y. BNK Law § 460 Dividends to shareholders; conditions precedent](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S460.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S450-B. Check the current official text before relying on it. Not legal advice.