N.Y. NPC Law § 521
This is the official text of N.Y. NPC Law § 521, part of New York’s NPC Law — part of the compiled statutory law of New York, published by the state as "NPC Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Liability for failure to disclose required information
Official statutory text
§ 521. Liability for failure to disclose required information.\n Failure of the corporation to comply in good faith with the notice or\ndisclosure or reporting provisions of section 501 (Stock and shares\nprohibited; membership certificates authorized), or paragraph (c) of\nsection 503 (Capital certificates), or paragraph (c) of section 505\n(Subvention certificates), or paragraph (b) of section 513\n(Administration of assets received for specific purposes), or section\n518 (Reports to comptroller), or section 519 (Annual report of\ndirectors), or section 520 (Reports of corporation), shall make the\ncorporation liable for any damage sustained by any person in consequence\nthereof.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.