Kansas § 9-1132 Personal liability of officers and directors, exceptions

Kansas Statutes

§ 9-1132 — Personal liability of officers and directors, exceptions

Kansas § 9-1132

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 11BANKING CODE; POWERS

This text of Kansas § 9-1132 (Personal liability of officers and directors, exceptions) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 9-1132 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.