12 U.S.C. · Banks and Banking
12 U.S.C. § 66

Personal liability of representatives of stockholders

Ch. 2 — NATIONAL BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 2
Statutory Text

12 U.S.C. § 66 — Personal liability of representatives of stockholders

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER II - CAPITAL, STOCK, AND STOCKHOLDERS Sec. 66 - Personal liability of representatives of stockholders From the U.S. Government Publishing Office, www.gpo.gov

§66. Personal liability of representatives of stockholders

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.

(R.S. §5152.)

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.

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 66
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The statutory text of 12 U.S.C. § 66 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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