# N.Y. BNK Law § 452: When corporate existence begins; conditions precedent to commencing business

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A11_S452

## Section

- **Citation:** N.Y. BNK Law § 452
- **Heading:** When corporate existence begins; conditions precedent to commencing business
- **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 452

## Text

§ 452. When corporate existence begins; conditions precedent to\ncommencing business. When the superintendent shall have endorsed his\napproval on the organization certificate, as provided in article two of\nthis chapter, the corporate existence of the credit union shall begin,\nand it shall then have power to elect officers and to transact such\nother business as relates to its organization. But it shall transact no\nother business until the superintendent shall have duly issued to it the\nauthorization certificate specified in article two of this chapter.\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_S452. Check the current official text before relying on it. Not legal advice.