---
kind: "section"
citation: "12 U.S.C. § 66"
title: "12"
title_heading: "Banks and Banking"
number: "66"
heading: "Personal liability of representatives of stockholders"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/66"
units:
  - "Chapter 2 — National Banks"
  - "Subchapter II — Capital, Stock, and Stockholders"
---

# §66. Personal liability of representatives of stockholders


[Persons](/usc/12/5481.md?p=19) 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](/usc/12/5481.md?p=19) interested in such trust funds would be, if living and competent to act and hold the stock in his own name.


## Source credit

(R.S. § 5152.)

## Notes

### Editorial Notes

### Codification

R.S. § 5152 derived from act June 3, 1864, ch. 106, § 63, 13 Stat. 118, which was the National Bank Act. See section 38 of this title.