North Dakota Statutes
§ 6-01-32 — Liability of bank officers and directors
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.
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Nearby Sections
15
§ 6-01-01
Management and control - State department of financial institutions - Local ordinances preempted§ 6-01-01.1
Regulatory fund established - Uses - Continuing appropriation (Effective through June 30, 2029)§ 6-01-02
Definitions§ 6-01-04.2
Cease and desist orders§ 6-01-04.3
Assessment of civil money penalties§ 6-01-04.4
Prompt corrective action§ 6-01-04.5
Investigation of bank holding companies§ 6-01-06
Appointment of receivers§ 6-01-07.1
Records - Confidential