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New York · Through 2026-09-11

N.Y. Banking Law § 631: Actions against directors, trustees, managers or officers for violation of their official duties

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Where this section sits in the code
  1. Banking Law
  2. Article 13. Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation

§ 631. Actions against directors, trustees, managers or officers for

violation of their official duties. At any time while the superintendent

is in possession of the property and business of any corporation, he may

within six years after the cause of action has accrued institute and

maintain in his name as superintendent of financial services against its

directors, trustees, managers or officers, or any of them, any action or

proceeding which is vested in such corporation or in the stockholders or

creditors thereof.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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