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.
Structure New York Laws
502 - Issue of Any Class of Preferred Shares in Series.
503 - Subscription for Shares; Time of Payment, Forfeiture for Default.
504 - Consideration and Payment for Shares.
506 - Determination of Stated Capital.
507 - Compensation for Formation, Reorganization and Financing.
508 - Certificates Representing Shares.
509 - Fractions of a Share or Scrip Authorized.
510 - Dividends or Other Distributions in Cash or Property.
511 - Share Distributions and Changes.
514 - Agreements for Purchase by a Corporation of Its Own Shares.
516 - Reduction of Stated Capital in Certain Cases.
519 - Convertible or Exchangeable Shares and Bonds.
520 - Liability for Failure to Disclose Required Information.