effect.
Any transfer or assignment by a shareholder of his shares, or by a
subscriber for shares of his interest in the corporation, shall not
relieve him of any liability as a shareholder or subscriber if at the
time of such transfer or assignment the aggregate of the corporation's
property, exclusive of any property which it may have conveyed,
transferred, concealed, removed, or permitted to be concealed or
removed, with intent to defraud, hinder or delay its creditors, is not
at a fair valuation sufficient in amount to pay its debts, or if such
condition is imminent.
Structure New York Laws
602 - Meetings of Shareholders.
603 - Special Meeting for Election of Directors.
605 - Notice of Meetings of Shareholders.
607 - List of Shareholders at Meetings.
610 - Selection of Inspectors at Shareholders' Meetings.
611 - Duties of Inspectors at Shareholders' Meetings.
612 - Qualification of Voters.
613 - Limitations on Right to Vote.
615 - Written Consent of Shareholders, Subscribers or Incorporators Without a Meeting.
616 - Greater Requirement as to Quorum and Vote of Shareholders.
617 - Voting by Class or Classes of Shares.
619 - Powers of Supreme Court Respecting Elections.
620 - Agreements as to Voting; Provision in Certificate of Incorporation as to Control of Directors.
621 - Voting Trust Agreements.
623 - Procedure to Enforce Shareholder's Right to Receive Payment for Shares.
624 - Books and Records; Right of Inspection, Prima Facie Evidence.
625 - Infant Shareholders and Bondholders.
628 - Liability of Subscribers and Shareholders.
629 - Certain Transfers or Assignments by Shareholders or Subscribers; Effect.
630 - Liability of Shareholders for Wages Due to Laborers, Servants or Employees.