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The Laws of New York
Consolidated Laws of New York
CHAPTER 4
Business Corporation
ARTICLE 5
Corporate Finance
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SECTION 519
Convertible or exchangeable shares and bonds
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ARTICLE 5
Corporate Finance
This entry was published on 2014-09-22
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SECTION 520
Liability for failure to disclose required information
Business Corporation (BSC) CHAPTER 4, ARTICLE 5
§ 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.