FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—CAPITAL, STOCK, AND STOCKHOLDERS
Personal liability of representatives of stockholders
12 U.S.C. § 66
Title12 — Banks and Banking
ChapterSUBCHAPTER II—CAPITAL, STOCK, AND STOCKHOLDERS
This text of 12 U.S.C. § 66 (Personal liability of representatives of stockholders) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 66.
Text
Persons holding stock as executors, administrators, guardians, or trustees, shall not be personally subject to any liabilities as stockholders; but the estates and funds in their hands shall be liable in like manner and to the same extent as the testator, intestate, ward, or person interested in such trust funds would be, if living and competent to act and hold the stock in his own name.
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Source Credit
History
(R.S. §5152.)
Editorial Notes
Editorial Notes
Codification
R.S. §5152 derived from act June 3, 1864, ch. 106, §63, 13 Stat. 118, which was the National Bank Act. See section 38 of this title.
Codification
R.S. §5152 derived from act June 3, 1864, ch. 106, §63, 13 Stat. 118, which was the National Bank Act. See section 38 of this title.
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Bluebook (online)
12 U.S.C. § 66, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/66.