9-2104. Liability of holder of stock in a trust company.
9-2104
9-2104. Liability of holder of stock in a trust company.
No executor, administrator, conservator or trustee holding trust company
stock, and no person holding trust company stock as collateral security
shall be personally subject to any liability as stockholders in such trust
company, but the person pledging such stock shall be considered as holding
same, and shall be liable as stockholder accordingly. Any executor,
administrator, conservator or trustee holding trust company stock shall be
liable in like manner as the testator or intestate or the conservatee or
person interested in such trust fund would have been if such person had
been living and competent to act and hold the same stock in such person's own name.
History: L. 1989, ch. 48, § 4; July 1.