Personal liability of officers and directors, exceptions

9-1132. Personal liability of officers and directors, exceptions. Except for persons who are executive officers, an officer or director of a bank or national banking association shall have no personal liability to the bank, association or the bank's or association's stockholders for monetary damages for breach of duty as an officer or director, except that such liability shall not be eliminated for: (a) Any breach of the officer's or director's duty of loyalty to the bank, association or the bank's or association's stockholders; (b) acts or omissions which constitute willful or gross and wanton negligent breach of the officer's or director's duty of care; (c) acts in violation of K.S.A. 9-910, 9-911 or 9-912, and amendments thereto; or (d) any transaction from which the officer or director derived an improper personal benefit. History: L. 1993, ch. 288, § 1; L. 2015, ch. 38, § 63; July 1. Law Review and Bar Journal References: "The Business Judgment Rule in Kansas: From Black and White to Gray; Gray v. Manhattan Medical Center, Inc., 18 P.3d 291 (Kan. Ct. App. 2001)," Molly J. Staab, 41 W.L.J. 231 (2001). Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026