Kansas Statutes Annotated

K.S.A. § 17-5412 (2026)

✓ current as of May 2026

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17-5412.

History: L. 1943, ch. 133, § 70; L. 1967, ch. 129, § 2; L. 1990, ch. 309, § 6; Repealed, L. 2018, ch. 75, § 28; July 1.

Notes of Decisions

Cited in 5 cases, 1985–1995 · leading case: Resolution Trust Corp. v. Fleischer, 826 F. Supp. 1273 (D. Kan. 1993).

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Resolution Trust Corp. v. Fleischer, 826 F. Supp. 1273 (D. Kan. 1993). · cites it 9× “Count X is a statutory claim based on K.S.A. 17-5412. Counts XI, XII and XIII are for breach of fiduciary duty and implied contract, negligence, and negligence per se against the directors in connection with the dividend payments.”

Fed. Sav. & Loan Ins. v. Huff, 704 P.2d 372 (Kan. 1985). · cites it 3× “K.S.A. 17-5412, -6420 and -6424. Under both statutory schemes, such directors are jointly and severally liable to creditors unless they dissent from the dividend declaration and have their dissent appropriately recorded.”

Resolution Trust Corp. v. Fleischer, 892 P.2d 497 (Kan. 1995). “ages 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 association or bank, its members or stockholders; (b) acts or omissions which constitute willful or…”

Resolution Trust Corp. v. Fleischer, 862 F. Supp. 309 (D. Kan. 1994). “ages 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 association or bank, its members or stockholders; (b) acts or omissions which constitute willful or…”

Resolution Trust Corp. v. Williams, 887 F. Supp. 1415 (D. Kan. 1995). “association or federal savings bank shall have no personal liability to the savings and loan association, federal savings association or federal savings bank or its members or stockholders for monetary damages for breach of duty as an officer or director, except that such…”

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