N.Y. Business Corporation Law Section 520
Liability for failure to disclose required information


Failure of the corporation to comply in good faith with the notice or disclosure provisions of paragraphs (f) and (g) of section 511 (Share distributions and changes), or paragraph (c) of section 516 (Reduction of stated capital in certain cases), shall make the corporation liable for any damage sustained by any shareholder in consequence thereof.

Source: Section 520 — Liability for failure to disclose required information, https://www.­nysenate.­gov/legislation/laws/BSC/520 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 520’s source at nysenate​.gov

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