N.D. Cent. Code § 6-01-32
This is the official text of N.D. Cent. Code § 6-01-32, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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6-01-32. Liability of bank officers and directors
Official statutory text
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.
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.
Status: in_force · Read it on the official government site
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