Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees.

  1. Law
  2. Nevada Revised Statutes
  3. Private Corporations
  4. Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees.

Checkout our iOS App for a better way to browser and research.

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.

[16:177:1925; NCL § 1615]


Download our app to see the most-to-date content.