N.Y. Banking Law § 631

Current through 2024 NY Law Chapter 443

Section 631 - Actions against directors, trustees, managers or officers for violation of their official duties

At any time while the superintendent is in possession of the property and business of any corporation, he may within six years after the cause of action has accrued institute and maintain in his name as superintendent of financial services against its directors, trustees, managers or officers, or any of them, any action or proceeding which is vested in such corporation or in the stockholders or creditors thereof.

N.Y. BankingLaw § 631