Nev. Rev. Stat. § 78.230
This is the official text of Nev. Rev. Stat. § 78.230, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees
Official statutory text
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.
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.
Status: in_force · Read it on the official government site
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