If the directors or officers of any member bank shall knowingly violate or permit any of the agents, officers, or directors of any member bank to violate any of the provisions of sections
376 of this title or regulations of the board made under authority thereof, or any of the provisions of sections
1909 of title
18, every director and officer participating in or assenting to such violation shall be held liable in his personal and individual capacity for all damages which the member bank, its shareholders, or any other persons shall have sustained in consequence of such violation.
In text, “sections
376 of this title” was in the original “this section”, meaning section 22 of act Dec. 23, 1913, which was also classified to sections
599 of this title. Such sections were repealed by act June 25, 1948, ch. 645, § 21,62 Stat. 862, eff. Sept. 1, 1948, and the provisions thereof were reenacted as sections
1909 of Title
18, Crimes and Criminal Procedure. Reference to such repealed sections was omitted from the text in view of act Sept. 3, 1954, which amended the text by incorporating therein the reference to the sections of Title 18. The text of section
375 of this title was struck out by Pub. L. 111–203, title VI, § 615(b),July 21, 2010, 124 Stat. 1615.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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