North Dakota § 6-01-32 Liability of bank officers and directors

North Dakota Statutes

§ 6-01-32 — Liability of bank officers and directors

North Dakota § 6-01-32

Title 6Banks and Banking

Ch. 6-01Department of Financial Institutions

This text of North Dakota § 6-01-32 (Liability of bank officers and directors) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 6-01-32 (2026).

Text

No claim or action seeking to recover money damages may be brought by the federal
deposit insurance corporation, resolution trust corporation, or other federal banking regulatory
agency against any director or officer, including any former director or officer, of any insured
financial depository institution unless the claim or action arises out of the gross negligence, or
willful or intentional misconduct of the officer or director during the term of office with the insured
financial institution.

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

No claim or action seeking to recover money damages may be brought by the federal
deposit insurance corporation, resolution trust corporation, or other federal banking regulatory
agency against any director or officer, including any former director or officer, of any insured
financial depository institution unless the claim or action arises out of the gross negligence, or
willful or intentional misconduct of the officer or director during the term of office with the insured
financial institution.