{"data":{"id":"us-ny/n.y.-banking-law-631","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 631","heading":"Actions against directors, trustees, managers or officers for violation of their official duties","body":"§ 631. Actions against directors, trustees, managers or officers for\nviolation of their official duties. At any time while the superintendent\nis in possession of the property and business of any corporation, he may\nwithin six years after the cause of action has accrued institute and\nmaintain in his name as superintendent of financial services against its\ndirectors, trustees, managers or officers, or any of them, any action or\nproceeding which is vested in such corporation or in the stockholders or\ncreditors thereof.","path":["Banking Law","Article 13. Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/631","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"4122232f5ec45d51a7c419c7365cea3fed7887abb6b470d1bda5179e9de71ca7","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-630","next":"us-ny/n.y.-banking-law-633"},"notice":"GroundRules: Original legal text. Not legal advice."}