Nevada § 78.230 Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees

Nevada Statutes

§ 78.230 — Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 78 Private· STOCK AND OTHER SECURITIES; DISTRIBUTIONS

1.No person holding shares in any corporation as collateral security shall be personally liable as a stockholder.

2.No executor, administrator, guardian or trustee, unless he or she, without authorization, shall have voluntarily invested the trust funds in such shares, shall be personally liable as a stockholder, but the estate and funds in the hands of such executor, administrator, guardian or trustee shall be liable.

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1. No person holding shares in any corporation as collateral security shall be personally liable as a stockholder.
2. No executor, administrator, guardian or trustee, unless he or she, without authorization, shall have voluntarily invested the trust funds in such shares, shall be personally liable as a stockholder, but the estate and funds in the hands of such executor, administrator, guardian or trustee shall be liable.

Nevada § 78.230 (Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.