1. The Laws of New York
  2. Consolidated Laws
  3. Not-For-Profit Corporation
  4. Article 13: Foreign Corporations


Section 1318 Liabilities of directors and officers of foreign corporations

Not-For-Profit Corporation (NPC)

  (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.