New York § 665 Misconduct by directors of banking corporations

New York Statutes

§ 665 — Misconduct by directors of banking corporations

New York § 665

Law BNKBanking

Art. 13-DMisconduct Relating to Banking Organizations

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Bluebook

N.Y. Banking § 665 (2026).

Text

  § 665. Misconduct by directors of banking corporations. Every director\nof a banking corporation who:\n  1. In case of the fraudulent insolvency of such corporation, shall\nhave participated in such fraud; or\n  2. Wilfully does any act as such director which is expressly forbidden\nby statute, or wilfully omits to perform any duty imposed upon him as\nsuch director by statute,\n  Is guilty of a misdemeanor, if no other punishment is prescribed\ntherefor by law.\n  The insolvency of a banking corporation is deemed fraudulent unless\nits affairs appear upon investigation to have been administered fairly,\nlegally and with the same care and diligence that agents receiving a\ncompensation for their services are bound, by law, to observe.\n

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§ 665. Misconduct by directors of banking corporations. Every director\nof a banking corporation who:\n 1. In case of the fraudulent insolvency of such corporation, shall\nhave participated in such fraud; or\n 2. Wilfully does any act as such director which is expressly forbidden\nby statute, or wilfully omits to perform any duty imposed upon him as\nsuch director by statute,\n Is guilty of a misdemeanor, if no other punishment is prescribed\ntherefor by law.\n The insolvency of a banking corporation is deemed fraudulent unless\nits affairs appear upon investigation to have been administered fairly,\nlegally and with the same care and diligence that agents receiving a\ncompensation for their services are bound, by law, to observe.\n