Statute · New York Business Corporation Law
N.Y. Bus. Corp. Law § 520 — Liability for failure to disclose required information
N.Y. Bus. Corp. Law § 520
- Type
- Statute
- Source
- New York Business Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 520. Liability for failure to disclose required information.
Citator
N.Y. Bus. Corp. Law § 520 — Liability for failure to disclose required information is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.