Nevada Business Associations; Securities; Commodities
Sec. § 78.230
Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees.


1.

No person holding shares in any corporation as collateral security shall be personally liable as a stockholder.

2.

No executor, administrator, guardian or trustee, unless he or she, without authorization, shall have voluntarily invested the trust funds in such shares, shall be personally liable as a stockholder, but the estate and funds in the hands of such executor, administrator, guardian or trustee shall be liable.
Source
Last accessed
Sep. 15, 2019