Section 520. Reports of corporation

Each  domestic corporation, and each foreign corporation authorized to
  conduct activities in this state, shall from  time  to  time  file  such
  reports  on its activities as may be required by the laws of this state.
  All registration and reporting requirements pursuant to EPTL  8-1.4,  or
  related  successor provisions, are, without limitation on the foregoing,
  expressly included as reports required by the laws of this state  to  be
  filed  within  the  meaning  of  this  section.  Willful  failure  of  a
  corporation to file a report as  required  by  law  shall  constitute  a
  breach  of  the directors' duty to the corporation and shall subject the
  corporation, at the suit  of  the  attorney-general,  to  an  action  or
  special   proceeding   for   dissolution   under  article  11  (Judicial
  dissolution) in the case of a domestic  corporation,  or  under  §  1303
  (Violations) in the case of a foreign corporation.