Nevada Business Associations; Securities; Commodities

Sec. § 78.230
Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees.


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


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.

Last accessed
Feb. 5, 2021