Statute · New York Not-for-Profit Corporation Law
N.Y. Not-for-Profit Corp. Law § 1318 — Liabilities of directors and officers of foreign corporations
N.Y. Not-for-Profit Corp. Law § 1318
- Type
- Statute
- Source
- New York Not-for-Profit Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 1318. Liabilities of directors and officers of foreign corporations.
Citator
N.Y. Not-for-Profit Corp. Law § 1318 — Liabilities of directors and officers of foreign corporations is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1318. Liabilities of directors and officers of foreign corporations.
(a) Except as otherwise provided in this chapter, the directors and officers of a foreign corporation conducting activities in this state are subject, to the same extent as directors and officers of a domestic corporation, to the provisions of:
(1) Section 719 (Liability of directors in certain cases) except subparagraph (a) (4) thereof, and
(2) Section 720 (Action against directors and officers for misconduct)
(b) Any liability imposed by paragraph (a) may be enforced in, and such relief granted by, the courts in this state, in the same manner as in the case of a domestic corporation.