ยง 665. Misconduct by directors of banking corporations. Every director
of a banking corporation who:
1. In case of the fraudulent insolvency of such corporation, shall
have participated in such fraud; or
2. Wilfully does any act as such director which is expressly forbidden
by statute, or wilfully omits to perform any duty imposed upon him as
such director by statute,
Is guilty of a misdemeanor, if no other punishment is prescribed
therefor by law.
The insolvency of a banking corporation is deemed fraudulent unless
its affairs appear upon investigation to have been administered fairly,
legally and with the same care and diligence that agents receiving a
compensation for their services are bound, by law, to observe.
Structure New York Laws
Article 13-D - Misconduct Relating to Banking Organizations
663 - Receiving Deposits in Insolvent Bank.
664 - Unlawful Investments by Officers of Mutual Savings Banks.
665 - Misconduct by Directors of Banking Corporations.
666-A - Loans to Be Guaranteed by New York State Higher Education Assistance Corporation.
668 - Use of Checks With Certain Photographs or Drawings Reproduced Thereon Prohibited.
669 - Unauthorized Use of the Term "Bank" or "Trust company."
671 - False Statements or Rumors as to Banking Institutions.