Skip to main content
Find a Lawyer

New York Consolidated Laws, Banking Law - BNK § 665. Misconduct by directors of banking corporations

Current as of January 01, 2026 | Updated by Findlaw Staff

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.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - New York Consolidated Laws, Banking Law - BNK § 665. Misconduct by directors of banking corporations - last updated January 01, 2026 | https://codes.findlaw.com/ny/banking-law/bnk-sect-665/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard