Statute · New York Banking Law
N.Y. Banking Law § 631 — Actions against directors, trustees, managers or officers for violation of their official duties
N.Y. Banking Law § 631
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Banking Law § 631 — Actions against directors, trustees, managers or officers for violation of their official duties is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.