53C-4-6. Liability of directors.
(a) The standard of conduct for directors shall be as set forth in G.S. 55-8-30.
(b) Any director of any bank who shall knowingly violate, or who shall knowingly permit to be violated by any officers, agents, or employees of the bank, any of the provisions of this Chapter shall be held personally and individually liable for all damages which the bank, its shareholders, or any other person shall have sustained in consequence of such violation. Any aggrieved shareholder of any bank in liquidation may prosecute an action for the enforcement of the provisions of this section. Only one such action may be brought. (2012-56, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53C - Regulation of Banks
Article 4 - Governance of Banks.
§ 53C-4-1 - Banks - Form of organization.
§ 53C-4-2 - Banks controlled by boards of directors.
§ 53C-4-3 - Committees of boards of directors.
§ 53C-4-4 - Minutes of meetings of directors and committees.
§ 53C-4-5 - Qualifications of bank directors.
§ 53C-4-6 - Liability of directors.
§ 53C-4-7 - Directors may declare distributions.
§ 53C-4-8 - Officers and employees shall give bond.
§ 53C-4-9 - Affiliate transactions.
§ 53C-4-10 - Examination of board composition, structure, and conduct.
§ 53C-4-12 - Compliance review committee.
§ 53C-4-13 - Immediate report of changes in directors and certain officers.