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398-B - Duties of Directors and Officers.

NY Banking L § 398-B (2019) (N/A)
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(a) To compel the defendant to account for his official conduct in the following cases:

(1) The neglect of, or failure to perform, or other violation of his duties in the management and disposition of the savings and loan association's assets committed to his charge.

(2) The acquisition by himself, transfer to others, loss or waste of the savings and loan association's assets due to any neglect of or failure to perform, or other violation of his duties.

(b) To set aside a conveyance, assignment or transfer of the savings and loan association's assets by one or more directors or officers, contrary to a provision of law, where the transferee knew the purpose of the transfer.

(c) To enjoin such a conveyance, assignment or transfer of the savings and loan association's assets by one or more of the directors or officers where there is good reason to apprehend that it will be made. 3. Subject to section six hundred thirty-one of this chapter, an action may be brought for the relief provided in this section by a savings and loan association or an officer, director or judgment creditor thereof. 4. This section shall not affect any liability otherwise imposed by law upon any director or officer.

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398-A - Forfeiture of Office of Director.
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398-C - Executive Committee and Other Committees.