New York Business Corporation Law Section 520 - Liability for failure to disclose required information.

520. Liability for failure to disclose required information.
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.

Last modified: February 3, 2019