§ 521 — Liability for failure to disclose required information

§ 521. Liability for failure to disclose required information.\n Failure of the corporation to comply in good faith with the notice or\ndisclosure or reporting provisions of section 501 (Stock and shares\nprohibited; membership certificates authorized), or paragraph (c) of\nsection 503 (Capital certificates), or paragraph (c) of section 505\n(Subvention certificates), or paragraph (b) of section 513\n(Administration of assets received for specific purposes), or section\n518 (Reports to comptroller), or section 519 (Annual report of\ndirectors), or section 520 (Reports of corporation), shall make the\ncorporation liable for any damage sustained by any person in consequence\nthereof.\n