New York § 665 - 665Misconduct by directors of banking corporations
Full text of New York New York Consolidated Laws § 665 — 665Misconduct by directors of banking corporations, with citation guidance and answers to common questions.
§ 665. 665Misconduct by directors of banking corporations
§ 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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 665
What does New York Consolidated Laws § 665 cover?
Section 665 ("665Misconduct by directors of banking corporations") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 665?
A common citation format is "New York Consolidated Laws § 665" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 665 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.