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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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The Revised Statutes of Canada, 1906: Proclaimed and Published Under the ...

Canada - 1906 - 924 pages
...shareholder8as 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. 2. If the trust...
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A Treatise on the Modern Law of Banking, Volume 1

Albert Sidney Bolles - 1907 - 600 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. (Rev. Stat. § 5152.) N 28. Increase of Capital...
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The Canadian Law of Banks and Banking: The Clearing House, Currency ...

John Delatre Falconbridge - 1907 - 694 pages
...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. Cestui que trust...
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Banks and Banking in Canada: Chaps. 29-33, R.S.C., Followed by Annotations ...

Canada, Walter Edwin Lear - 1907 - 144 pages
...shareholdersas 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. 2. If the trust...
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Revisal of 1908 of North Carolina: Being the Public and General ..., Volume 1

North Carolina - 1908 - 1478 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. US Rev. Stat., s. 5152. 238. Transferor not...
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Maine Corporation Law: The Statutes of Maine Relating to Business ...

Maine - 1909 - 274 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. — R. S.,...
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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 874 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 nown name. 1. The principal object of this section is...
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Laws of the United States Concerning Money, Banking, and Loans, 1778-1909

United States - 1910 - 544 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. SEC. 5153....
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The History of Banking in Canada

Roeliff Morton Breckenridge - 1910 - 342 pages
...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. 2. If the trust...
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Annual Report of the Corporation Commission for the Year Ending ..., Volume 11

North Carolina. Corporation Commission - 1910
...funds in their hands shall be liable in like manner and to the same extent as the testator, in testate, ward, or person interested in such trust funds would be if living and competent to act and hold the stock in his own name. US Eev. Stat., s. 5152. 238.TRANSFERBER NOT...
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