Can you summarize KSST 9-1916?

Short Summary

In all actions brought for the recovery of any deposits received, in an amount that would create an excess above the federal deposit insurance corporation insured deposit amount, while any bank was insolvent or in failing circumstances, all officers, agents, and directors of such bank may be joined as defendants or proceeded against severally. The fact that any bank was insolvent or in failing circumstances at the time of the reception of the deposit shall be prima facie evidence of such knowledge in accepting the deposit on the part of such officer, agent or director so charged therewith. This liability may be enforced by and against executors and administrators of any deceased officer, director or agent. History: L. 1947, ch. 102, 124; L. 1989, ch. 48, 53; L. 2015, ch. 38, 127; July 1.

Jurisdiction

Kansas

Source

• Banking