{"data":{"id":"us-ny/n.y.-business-corporation-law-520","jurisdiction":"us-ny","citation":"N.Y. Business Corporation Law § 520","heading":"Liability for failure to disclose required information","body":"§ 520. Liability for failure to disclose required information.\n  Failure  of the corporation to comply in good faith with the notice or\ndisclosure provisions of paragraphs (f) and (g) of  section  511  (Share\ndistributions  and  changes), or paragraph (c) of section 516 (Reduction\nof stated capital in certain cases), shall make the  corporation  liable\nfor any damage sustained by any shareholder in consequence thereof.","path":["Business Corporation Law","Article 5. Corporate Finance"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BSC/520","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"482973edf3027a36d5fa3ddd399fa64a15809563ec55b42f9b8173c1d11d8ed7","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-business-corporation-law-519","next":"us-ny/n.y.-business-corporation-law-601"},"notice":"GroundRules: Original legal text. Not legal advice."}