Find Bill
Find Your Legislator
Legislative Deadlines
Sept. 19, 2019
RSS Feed Permanent URL -A +A

2017 Statute



Prev Article 11. - BANKING CODE; POWERSNext


9-1132. Personal liability of officers and directors, exceptions. Except for persons who are executive officers, an officer or director of a bank or national banking association shall have no personal liability to the bank, association or the bank's or association's stockholders for monetary damages for breach of duty as an officer or director, except that such liability shall not be eliminated for:

(a) Any breach of the officer's or director's duty of loyalty to the bank, association or the bank's or association's stockholders;

(b) acts or omissions which constitute willful or gross and wanton negligent breach of the officer's or director's duty of care;

(c) acts in violation of K.S.A. 9-910, 9-911 or 9-912, and amendments thereto; or

(d) any transaction from which the officer or director derived an improper personal benefit.

History: L. 1993, ch. 288, § 1; L. 2015, ch. 38, § 63; July 1.



Prev Article 11. - BANKING CODE; POWERSNext
2019. Powered by KLISS. Rendered: 2019-09-19T02:08:52. Head Rev No: 582568(E)