Statutes > Alaska Statutes > Title 06 - BANKS AND FINANCIAL INSTITUTIONS > Chapter 06.05. - ALASKA BANKING CODE > Article 03 - RESERVES, LOANS, INVESTMENTS, BANK SERVICE CORPORATIONS, PRACTICES, AND SERVICES > Sec. 06.05.265. - Liability of directors for certain loans.

Sec. 06.05.265. - Liability of directors for certain loans.

A loan in violation of AS 06.05.200 - 06.05.260 makes the officers and directors of the bank jointly and severally liable to the bank for the loan.