Provisions
VIII.8 of 1847 • Preference of billholders.
APPROVED
The Text
In case of the insolvency of any bank or banking association, the billholders thereof shall be entitled to preference in payment, over all other creditors of such bank or association.
A Few Facts
• Joined the Constitution in 1847
• In Article VIII:
• Has 30 words
• Was proposed by the Constitutional Convention
• Went to NYS voters as proposed amendment 1 of 1846
• Is a new addition
Credits
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