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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 602   View pdf image (33K)
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602 SHERIFFS. [ART. 88.

PROCEEDINGS ON EXECUTIONS AGAINST THE STOCK AND TRANS-
FERABLE DEBTS OF CORPORATIONS.

33. Any interest which any defendant in a judgment or decree
rendered by a court of law or equity, has in the capital, joint
stock, or debts of a corporation, transferable on its books, shall
be liable to execution or attachment, and the same proceedings
shall be had as in other cases, except where they are varied by
the following sections.

34. The sheriff or other officer, upon being instructed to levy
such writ on any such stock or debt, shall deliver to the presi-
dent or chief officer, or leave at the place of business of such
corporation, a notice in writing, stating that he has seized the
stock or debt of the defendant, (naming him,) and the purpose
for which he has seized it, and shall retain a copy of such notice
and return it with the writ.

35. Upon the service of such notice, the sheriff may require
the president or any other officer of the corporation, to certify
to him in writing the number of shares of the stock, and the
amount of transferable debt on its books standing in the name of
the defendant at the time of said notice, and if any president, or
other officer so required, shall refuse or neglect for twenty-four
hours to deliver such a certificate, the sheriff or other officer
shall certify the fact to the court to which the writ is returnable,
or any judge thereof, and the court or judge may order an
attachment of contempt against such president or other officer,
and may compel him to answer upon oath, on oral examination,
as to the number of shares of stock, and amount of debt stand-
ing on the books of the corporation, in the name of the defend-
ant at the time of service of such notice, and may compel the
production of the books of said corporation, and also fine the
president or other officer for not giving the required certifi-
cate.

36. When the sheriff has ascertained, the number of shares of
stock, and amount of such debt standing in the name of the
defendant, he shall make a schedule of such, shares or debt,
or so much thereof as will be amply sufficient to secure the
sum of money he is required to levy, and costs, and shall give
notice that the stock or debt not included in his schedule is
released.

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 602   View pdf image (33K)
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