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2019 Nevada Revised Statutes
Chapter 78 - Private Corporations
NRS 78.230 - Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees.
Universal Citation: NV Rev Stat § 78.230 (2019)
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]
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