362.575. Personal representatives and other persons not liable as stockholders. - Missouri Statutes

State Codes and Statutes

Statutes > Missouri > T24 > C362 > 362_575

Personal representatives and other persons not liable asstockholders.

362.575. No person holding stock in the corporation aspersonal representative, conservator, or trustee, and no personholding this stock as collateral security shall be personallysubject to any liability as stockholder in the corporation; butthe person pledging the stock shall be considered as holding thesame, and shall be liable as stockholder accordingly. And theestate and funds in the hands of the personal representatives,conservators, or trustees shall be liable in like manner and tothe same extent as the testator or intestate, or the protectee orperson interested in the trust fund would have been if he hadbeen living and competent to act and hold in his own name.

(L. 1967 p. 445, A.L. 1983 S.B. 44 & 45)
(Source: RSMo 1959 § 363.240)

State Codes and Statutes

Statutes > Missouri > T24 > C362 > 362_575

Personal representatives and other persons not liable asstockholders.

362.575. No person holding stock in the corporation aspersonal representative, conservator, or trustee, and no personholding this stock as collateral security shall be personallysubject to any liability as stockholder in the corporation; butthe person pledging the stock shall be considered as holding thesame, and shall be liable as stockholder accordingly. And theestate and funds in the hands of the personal representatives,conservators, or trustees shall be liable in like manner and tothe same extent as the testator or intestate, or the protectee orperson interested in the trust fund would have been if he hadbeen living and competent to act and hold in his own name.

(L. 1967 p. 445, A.L. 1983 S.B. 44 & 45)
(Source: RSMo 1959 § 363.240)

State Codes and Statutes

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State Codes and Statutes

Statutes > Missouri > T24 > C362 > 362_575

Personal representatives and other persons not liable asstockholders.

362.575. No person holding stock in the corporation aspersonal representative, conservator, or trustee, and no personholding this stock as collateral security shall be personallysubject to any liability as stockholder in the corporation; butthe person pledging the stock shall be considered as holding thesame, and shall be liable as stockholder accordingly. And theestate and funds in the hands of the personal representatives,conservators, or trustees shall be liable in like manner and tothe same extent as the testator or intestate, or the protectee orperson interested in the trust fund would have been if he hadbeen living and competent to act and hold in his own name.

(L. 1967 p. 445, A.L. 1983 S.B. 44 & 45)
(Source: RSMo 1959 § 363.240)