§ 66. — Personal liability of representatives of stockholders.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC66]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER II--CAPITAL, STOCK, AND STOCKHOLDERS
Sec. 66. Personal liability of representatives of stockholders
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, 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.
(R.S. Sec. 5152.)
Codification
R.S. Sec. 5152 derived from act June 3, 1864, ch. 106, Sec. 63, 13
Stat. 118, which was the National Bank Act. See section 38 of this
title.
