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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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A Treatise on the Law of Pledges: Including Collateral Securities

Leonard Augustus Jones - 1901 - 861 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 funds would be if living and competent to act and hold the stock in his own name. Although the statute...
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Journal of the Canadian Bankers' Association, Volumes 1-8

Canadian Bankers' Association - 1901
...liability as a shareholder, but the estate and funds in his hands shall be liable in like manner and to the same extent as the testator, intestate, ward or person interested in such estate and funds would be, if living and competent to hold the stock in his own name ; and if the trust...
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The Southwestern Reporter, Volume 63

1901 - 1298 pages
...liability as stockholders; but the estate 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 fund would be if living and competent to act and hold the stock in his own name." It will...
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Laws of Maine Concerning Business Corporations (annotated) with the Liberal ...

Herbert Milton Heath - 1902 - 166 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,...person interested in such trust funds would be if they were respectively living and competent to act and hold the stock in their own names. capacities...
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Road Laws of the State of Washington: Including Laws Passed at the Session ...

Washington (State) - 1903 - 1336 pages
...shall not be personally liable as stockholders, but the assets and funds in the hands of such trustee constituting the trust, shall be liable to the same...testator, intestate, ward or person interested in such funds would be if living or competent to act, and the person pledging such stock shall be deemed a...
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History of Coinage and Currency in the United States and the Perennial ...

Alonzo Barton Hepburn - 1903 - 666 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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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 466 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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The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 838 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...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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The National Bank Act: With All Its Amendments Annotated and Explained

John Melville Gould - 1904 - 288 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." See the note to ยง 5151 ; Davis v. Stevens,...
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The Law of Foreign Corporations and Taxation of Corporations Both Foreign ...

Joseph Henry Beale - 1904 - 1149 pages
...liability 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 trust funds would be, if living and competent to hold the stock in his own name." 81 "If the directors...
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