North Carolina General Statutes 53C-4-6. Liability of directors
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Terms Used In North Carolina General Statutes 53C-4-6
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
(a) The standard of conduct for directors shall be as set forth in N.C. Gen. Stat. § 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.)