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" 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,... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 146
by Michigan. Banking Division - 1891
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Federal Banking Laws and Reports, 1780-1912 ..., 50th Anniversary, 1913-1963 ...

United States. Congress. Senate. Committee on Banking and Currency - 1963 - 548 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 person interested in said trust-funds would be if they were respectively living and competent to act and hold the stock...
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Hearings, Reports and Prints of the Senate Committee on Banking and Currency

United States. Congress. Senate. Committee on Banking and Currency - 1963 - 716 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 person interested in said trust-funds would be if they were respectively living and competent to act and hold the stock...
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Mississippi Reports ... Being Cases Argued and Decided in the ..., Volume 114

Mississippi. Supreme Court - 1917 - 1036 pages
..."The stockholders of every bank shall be individually liable, actually and ratably, and not for one another, for the benefit of the depositors in said...intestate, ward or person interested in such trust fund would be, if living or competent to act; and the person pledging such stock shall be deemed the...
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Comptroller's Manual for National Banks: Laws, Regulations, Rulings

United States. Office of the Comptroller of the Currency - 1966 - 480 pages
...with respect to the shareholders of all national banks. 16 August 23, 1935. 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. Compromise...
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The Comptroller and Bank Supervision: a Historical Appraisal, Volume 10

Ross M. Robertson - 1968 - 286 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 person interested in said trust-funds would be if they were respectively living and competent to act and hold the stock...
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Opinions of the Attorney General of the State of Wisconsin, Volume 15

Wisconsin. Attorney General's Office - 1926 - 604 pages
...holding stock as collateral security, shall not be personally liable as stockholders, but the assets or funds in their hands constituting the trust shall be liable to the same extent as the testator, jntestate, ward or person interested in such trust fund would be, if living, or competent to act, and...
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Minnesota Reports: Cases Argued and Determined in the Supreme ..., Volume 70

Minnesota. Supreme Court - 1899 - 618 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 person interested in such trust-funds would be, if living and competent to act and hold the stock in his own name." In Parker...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1919 - 916 pages
...security, shall not be personally liable as stockholders, or as members of a voluntary association, but the assets and funds in their hands constituting...funds would be, if living or competent to act ; and any person pledging stock in an industrial bank shall be deemed the stockholder and liable under this...
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Public and Local Acts of the Legislature of the State of Michigan

Michigan - 1917 - 1106 pages
...as collateral security, shall not be personally liable as stockholders, but the assets and funds iu their hands constituting the trust shall be liable...the testator, intestate, ward or person interested iu such trust funds would be, if living or competent to act; and the person pledging such stock shall...
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Principles of Law: Husband & Wife; Divorce; Parent & Child ..., Volume 2

International Correspondence Schools - 1903 - 474 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,...interested in such trust funds would be if living and competent to act and hold the stock in his own name. 42. Amendment of Artictes Restricted. —...
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