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" ... persons holding stock as executors, administrators, guardians or trustees, and persons holding stock as collateral security, shall not be personally liable as stockholders, but the assets and funds in their hands constituting the trust shall be liable... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lv
by Michigan. Banking Division - 1913
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 120

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1900 - 808 pages
...stock at the par value thereof, in addition to the said 1899 ] FOSTER v. Row. 7 stock ; but persons holding stock as executors, administrators, guardians,...the same extent as the testator, intestate, ward, or person interested in such trust funds would be, if living or competent to act; and the person pledging...
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The Pacific Reporter, Volume 208

1922 - 1184 pages
...the stock certificate and on the books of the corporation, or as collateral security or in pledge, shall not be personally liable as stockholders, but the assets and funds in the hands of such trustees constituting the trust shall be liable to the same extent ae the testator,...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1887
...bank to the amount of their stock at the par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians...the same extent as the testator, intestate, ward or person interested in such trust funds would be, if living or competent to act; and the person pledging...
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The American State Reports: Containing the Cases of General Value ..., Volume 3

Abraham Clark Freeman - 1888 - 978 pages
...that persons holding stock in a representative capacity, such as trustees, executors, and guardians, and persons holding stock as collateral security,...not be personally liable as stockholders, but the person or estate represented, or the pledger, as the case may be, shall be liable. Under such a statute,...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. State Banking Department - 1914 - 748 pages
...stock at the par value thereof in addition to the stock, but it is expressly provided that persons holding stock as executors, administrators, guardians...holding stock as collateral security, shall not be l>ersonally liable as stockholders but the assets and funds in their hands constituting the trust shall...
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Documents Accompanying the Journal of the House, Part 1

Michigan. Legislature - 1891 - 1144 pages
...bank to the amount of their stock at the par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians...the same extent as the testator, intestate, ward or person interested in such trust funds would be, if living or competent to act; and the person pledging...
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Annual Report of the Commissioner of the Banking Department of the ..., Volume 2

Michigan. Banking Division - 1891 - 178 pages
...bank to the amount of their stock at the par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians...the same extent as the testator, intestate, ward or person interested in such trust funds would be, if living or competent to act; and the person pledging...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 312 pages
...to the said stock ; but persons holding stock as executors, administrators, guardians or trustces, and persons holding stock as collateral security,...constituting the trust shall be liable to the same • exteat as the testator, iatestats, ward or person iaterested in such trust funds would bs, if living...
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United States Circuit Courts of Appeals Reports: With Key-number Annotations ...

1901 - 860 pages
...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 persons interested in such trust fund would be, If living." — Dent v. Matteson, 73 XW 416, 70 Minn. 519. 7. Bona Fide Transfers. [a]...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...addition to the said stock; but persons holding stock as executore, administratore, guardians or trusteee, and persons holding stock as collateral security, shall not be personally liable as stockholdere, but the asscts and funds in their hands constituting the trust shall be liable to the...
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