Sec. 36a-58. (Formerly Sec. 36-9). Civil liability of officers.
Sec. 36a-58. (Formerly Sec. 36-9). Civil liability of officers. Any director or officer of a financial institution who violates or assents to a violation of any provision of
this title shall be liable to the institution concerned for any loss resulting therefrom.
(1949 Rev., S. 5754; P.A. 94-122, S. 33, 340.)
History: P.A. 94-122 made technical changes, effective January 1, 1995; Sec. 36-9 transferred to Sec. 36a-58 in 1995.
Annotation to former section 36-9:
Care required of directors in oversight of bank; liability of directors for paying unearned dividends; statute of limitations.
89 C. 451.