Nevada Revised Statutes 661.065 – Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity
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Persons holding stock in banking corporations or becoming substituted members of banking companies as executors, administrators, guardians or trustees are not personally subject to any liabilities as stockholders or members, but the estates and funds in their hands are liable in like manner and to the same extent as the testator, intestate, ward or person interested in the trust fund would be, if living and competent to hold stock in his or her own name.
Terms Used In Nevada Revised Statutes 661.065
- Intestate: Dying without leaving a will.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Testator: A male person who leaves a will at death.