78.225 - Stockholder’s liability: No individual liability except for payment for which shares were authorized to be issued or which was specified in subscription agreement. - Nevada Statutes

78.225  Stockholder’s liability: No individual liability except for payment for which shares were authorized to be issued or which was specified in subscription agreement.  Unless otherwise provided in the articles of incorporation, no stockholder of any corporation formed under the laws of this State is individually liable for the debts or liabilities of the corporation. A purchaser of shares of stock from the corporation is not liable to the corporation or its creditors with respect to the shares, except to pay the consideration for which the shares were authorized to be issued or which was specified in the written subscription agreement.

      [15:177:1925; A 1929, 413; NCL § 1614]—(NRS A 1991, 1225)

Nev. Art. 8, § 3NRS 78.225           NRS 78.230  Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees.

      1.  No person holding shares in any corporation as collateral security shall be personally liable as a stockholder.

      2.  No executor, administrator, guardian or trustee, unless he or she, without authorization, shall have voluntarily invested the trust funds in such shares, shall be personally liable as a stockholder, but the estate and funds in the hands of such executor, administrator, guardian or trustee shall be liable.

      [16:177:1925; NCL § 1615]