N.Y. BNK Law § 665
This is the official text of N.Y. BNK Law § 665, 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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Misconduct by directors of banking corporations
Official statutory text
§ 665. Misconduct by directors of banking corporations. Every director\nof a banking corporation who:\n 1. In case of the fraudulent insolvency of such corporation, shall\nhave participated in such fraud; or\n 2. Wilfully does any act as such director which is expressly forbidden\nby statute, or wilfully omits to perform any duty imposed upon him as\nsuch director by statute,\n Is guilty of a misdemeanor, if no other punishment is prescribed\ntherefor by law.\n The insolvency of a banking corporation is deemed fraudulent unless\nits affairs appear upon investigation to have been administered fairly,\nlegally and with the same care and diligence that agents receiving a\ncompensation for their services are bound, by law, to observe.\n
Status: in_force · Read it on the official government site
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