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Title 6. Banks and Trust Companies

Oklahoma Statutes Citationized
  Title 6. Banks and Trust Companies
    Chapter 1 - Oklahoma Banking Code
        Article Article VII - Corporate Functions, Banks and Trust Companies
        Section 702 - Liability of Fiduciaries Owning Stock
Cite as: O.S. §, __ __




Persons holding stock as executors, administrators, guardians or trustees shall not be personally subject to any liabilities as stockholders; but the estates and funds in their hands shall be liable in like manner and to the same extent as the testator, intestate, ward, or person interested in such trust funds would be, if living and competent to act and hold the stock in his own name.

Historical Data


Added by Laws 1965, c. 161, § 702.

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