FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—CAPITAL, STOCK, AND STOCKHOLDERS

Personal liability of representatives of stockholders

12 U.S.C. § 66
Title12Banks 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.

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Bluebook (online)
12 U.S.C. § 66, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/66.