Missouri § 362.575 - Personal representatives and other persons not liable as stockholders.
Full text of Missouri Revised Statutes of Missouri § 362.575 — Personal representatives and other persons not liable as stockholders., with citation guidance and answers to common questions.
§ 362.575. Personal representatives and other persons not liable as stockholders.
No person holding stock in the corporation as personal representative, conservator, or trustee, and no person holding this stock as collateral security shall be personally subject to any liability as stockholder in the corporation; but the person pledging the stock shall be considered as holding the same, and shall be liable as stockholder accordingly. And the estate and funds in the hands of the personal representatives, conservators, or trustees shall be liable in like manner and to the same extent as the testator or intestate, or the protectee or person interested in the trust fund would have been if he had been living and competent to act and hold in his own name.
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(L. 1967 p. 445, A.L. 1983 S.B. 44 & 45)
(Source: RSMo 1959 § 363.240)
---- end of effective 28 Aug 1983 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 362.575
What does Revised Statutes of Missouri § 362.575 cover?
Section 362.575 ("Personal representatives and other persons not liable as stockholders.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 362.575?
A common citation format is "Revised Statutes of Missouri § 362.575" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 362.575 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.