§ 7017. Actions against directors and officers for misconduct. 1. An
action may be brought against one or more directors or officers of a
corporation to procure a judgment for the following relief:

(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 corporate assets committed
to his charge.

(2) The acquisition by himself, transfer to others, loss or waste of
corporate assets due to any neglect of, or failure to perform, or other
violation of his duties.

(b) To set aside an illegal conveyance, assignment or transfer of
corporate assets, where the transferee knew of its illegality.

(c) To enjoin a proposed illegal conveyance, assignment or transfer of
corporate assets, where there is sufficient evidence that it will be
made.

2. Subject to section six hundred thirty-one of this chapter, an
action may be brought for the relief provided in this section and in
subdivision one of section seven thousand sixteen by a corporation, or a
receiver, trustee in bankruptcy, officer, director or judgment creditor
thereof, or, under section six thousand twenty-five, by a stockholder or
the owner of a beneficial interest in shares thereof.

3. This section shall not affect any liability otherwise imposed by
law upon any director or officer.