6-456. Effect of unauthorized investments and
loans; liability of officers


A. Every loan or other investment made in violation of this chapter shall be due
and payable according to its terms, and the obligation thereof shall not be impaired.


B. Every director or officer of an association who knowingly shall violate,
participate in, or assent to, or who knowingly shall permit any of the officers or agents
of the association to make investments not authorized by this chapter, shall be liable
individually for all damage which the association or its members sustain in consequence
of such violation.