Missouri Laws 388.200 – Persons holding stock in fiduciary capacity not liable as stockholders
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Terms Used In Missouri Laws 388.200
- Intestate: Dying without leaving a will.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
- Testator: A male person who leaves a will at death.
- Trustee: A person or institution holding and administering property in trust.
No person holding stock in any such company, as personal representative, conservator, or trustee, and no person holding such stock as collateral security shall be personally subject to any liability as a stockholder of such company; but the person pledging such stock shall be considered as holding the same, and shall be liable as a stockholder accordingly; and the estates and funds in the hands of such personal representative, conservator, or trustee shall be liable in like manner, and to the same extent, as the testator or intestate of the protectee or person interested in such fund would have been, if he had been living and competent to act, and held the same stock in his own name.