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This entry was published on 2014-09-22
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SECTION 631
Actions against directors, trustees, managers or officers for violation of their official duties
Banking (BNK) CHAPTER 2, ARTICLE 13
§ 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.