Connecticut General Statutes/Title 36a/Chapter 664a/Section 36a-58

CGS § 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.

Short History

(1949 Rev., S. 5754; P.A. 94-122, S. 33, 340.)

Long History

History: P.A. 94-122 made technical changes, effective January 1, 1995; Sec. 36-9 transferred to Sec. 36a-58 in 1995.

Citations

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.

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