NY Banking L § 6029 (2021)
2021 New York Laws BNK - Banking Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies Title 6 - Stockholders 6029 - Liability of Stockholders for Wages Due to Laborers, Servants or Employees.

§ 6029.  Liability of stockholders for wages due to laborers, servants   or employees. 1. The ten largest stockholders, as determined by the fair   value of their beneficial interest as of the beginning of the period  on   which  the unpaid services referred to in this section are performed, of   every investment company, the shares  of  which  are  not  listed  on  a   national  securities exchange or regularly quoted in an over-the-counter   market by one or more members of a national or an affiliated  securities   association,  shall  jointly  and severally be personally liable for all   debts, wages or salaries due and owing to any of its laborers,  servants   or  employees other than contractors, for services performed by them for   such investment company. Before such laborer, servant or employee  shall   charge  such  stockholder  for  such  services,  he shall give notice in   writing to such stockholder that he intends to  hold  him  liable  under   this  section.    Such  notice  shall  be given within ninety days after   termination of such services, except that if, within  such  period,  the   laborer,  servant  or  employee  demands an examination of the record of   stockholders under subdivision two of section six thousand twenty-three,   such notice may be given within sixty days after he has been  given  the   opportunity  to examine the record of stockholders. An action to enforce   such liability shall be commenced within ninety days after the return of   an execution unsatisfied against the investment company upon a  judgment   recovered against it for such services.2.  For the purposes of this section, wages or salaries shall mean all   compensation and benefits payable by an employer to or for  the  account   of  the employee for personal services rendered by such employee.  These   shall specifically include but not be  limited  to  salaries,  overtime,   vacation,  holiday  and  severance  pay;  employer  contributions  to or   payments of insurance or welfare  benefits;  employer  contributions  to   pension  or  annuity funds; and any other moneys properly due or payable   for services rendered by such employee.3. A stockholder who has paid more than his pro rata share under  this   section  shall  be  entitled  to  contribution  pro  rata from the other   stockholders liable under this section with respect  to  the  excess  so   paid,  over  and  above  his pro rata share, and may sue them jointly or   severally or any number of them to recover the  amount  due  from  them.   Such  recovery  may  be  had  in  a  separate  action.  As  used in this   subdivision,  "pro  rata"  means  in  proportion  to  beneficial   share   interest.  Before  a  stockholder  may  claim  contribution  from  other   stockholders under this subdivision, he shall,  unless  they  have  been   given  notice  by  a laborer, servant or employee under subdivision one,   give them notice in writing that he intends to hold them  so  liable  to   him. Such notice shall be given by him within twenty days after the date   that  notice  was  given  to him by a laborer, servant or employee under   subdivision one.