Statute · New York Business Corporation Law
N.Y. Bus. Corp. Law § 1318 — Liability of foreign corporations for failure to disclose required information
N.Y. Bus. Corp. Law § 1318
- Type
- Statute
- Source
- New York Business Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 1318. Liability of foreign corporations for failure to disclose
Citator
N.Y. Bus. Corp. Law § 1318 — Liability of foreign corporations for failure to disclose required information is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1318. Liability of foreign corporations for failure to disclose
required information.
A foreign corporation doing business in this state shall, in the same manner as a domestic corporation, disclose to its shareholders of record who are residents of this state the information required under paragraph (c) of section 510 (Dividends or other distributions in cash or property), paragraphs (f) and (g) of section 511 (Share distributions and changes), paragraph (d) of section 515 (Reacquired shares), paragraph (c) of section 516 (Reduction of stated capital in certain cases), and shall be liable as provided in section 520 (Liability for failure to disclose required information) for failure to comply in good faith with these requirements.