N.Y. BNK Law § 631
This is the official text of N.Y. BNK Law § 631, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Actions against directors, trustees, managers or officers for violation of their official duties
Official statutory text
§ 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.\n
Status: in_force · Read it on the official government site
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