§ 32.16.140. Violations -- Director liability
If the directors of any bank shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the bank to violate any of the provisions of this title or any lawful regulation or directive of the director, and if the directors are aware that such facts and circumstances constitute such violations, then each director who participated in or assented to the violation is personally and individually liable for all damages which the state or any insurer of the deposits sustains due to the violation.
[1994 c 92 § 335; 1989 c 180 § 9.]
Sections: Previous 32.16.030 32.16.040 32.16.050 32.16.060 32.16.070 32.16.080 32.16.090 32.16.093 32.16.095 32.16.097 32.16.100 32.16.110 32.16.120 32.16.130 32.16.140Last modified: April 7, 2009