CORPORATIONS 819

and costs, and shall give notice to the corporation that the shares not in-
cluded in this schedule are released. Thereupon such proceedings shall be
had under the writ of execution or attachment as if the shares so seized
were real estate; and they shall be transferred to the purchaser on the books
of the corporation by such sheriff or other execution officer, or by such
person as shall be named by the court to which said writ is returnable.
It shall be the duty of the corporation to issue to the purchaser at the
sale made by the sheriff or other execution officer a certificate for such
shares, but such certificate and all renewals and substitutions therefor
shall have stamped thereon the statement that they are issued under and
subject to the provisions of this article, and if such be the fact, that the
original certificate is outstanding.

An attachment of certain registered bonds of a foreign corporation held valid, not-
withstanding the provisions of art. 9, sec. 18, and sec. 392 of art. 23 of the Code of
1904. In view of sec. 417 of art. 23 of the Code of 1904—see sec. 1 of art. 23 of this
Code—it is evident that secs. 391 to 401, inclusive, of art. 23 of the Code of 1904, were
applicable only to corporations formed under the general laws of this state. This sec-
tion referred to in construing sec. 392 of art. 23 of the Code of 1904. De Beam v. Prince
de Beam, 115 Md. 675.

This section and art. 9, sec. 18, do not authorize the seizure and sale of stock of a
foreign corporation owned by a non-resident when the stock itself is not within the
court's jurisdiction. This section refers to domestic corporations; it contains provisions,
imposes duties upon the sheriff, and confers authority upon the court which excludes
an intention that the section should be applicable to the stock of a foreign corporation.
Corporate stock is attachable only when a statute allows it, and the authority extends
only to corporations existing in this state. U. S. Express Co. v. Hurlock, 120 Md. 112.

The requirements of secs. 392 and 393 of the Code of 1904, held not to have been
complied with, nor was the corporation made a defendant, as was necessary to the
court's jurisdiction to condemn the stock. Amendment. Morton v. Grafflin, 68 Md. 557.

Sec. 391 of the Code of 1904 cited but not construed in Duvall v. Hambleton, 98 Md. 15.

See notes to sec. 88. And see secs. 67 and 68.

An. Code, 1924, sec. 81. 1912, sec. 69. 1904, sec. 399. 1888, sec. 285. 1868, ch. 471, sec. 206.

1908, ch. 240, sec. 44.

86. If any corporation shall refuse to permit any transfer or to issue
a new certificate as authorized to be made and issued by the preceding
section, the court to which the writ is returnable or any judge thereof in
vacation may punish by process of contempt all persons so refusing to
permit such transfer or to issue such certificate and the corporation shall
be liable for all damages sustained by the purchaser by reason of the refusal
to make such transfer and issue such certificate.

This section and sec. 85 are applicable only to corporations created by this state. See
notes to sec. 85. U. S. Express Co. v. Hurlock, 120 Md. 113.

Secs. 398 and 399 of the Code of 1904, referred to in upholding a sale and transfer of
stock on the books of the corporation against a pledgee unknown either to the execution
creditor, purchaser or corporation, and who was guilty of laches. Noble v. Turner,
69 Md. 525.

An. Code, 1924, sec. 82. 1912, sec. 70. 1908, ch. 240, sec. 45.

87. If the writ of execution or attachment shall be issued by a justice
of the peace, the power and authority vested by the two preceding sections
in a court or any judge thereof, shall be vested in and exercised by the
court or judge having jurisdiction on appeal from such justice of the
peace.

An. Code, 1924, sec. 83. 1912, sec. 71. 1904, sec. 391. 1888, sec. 277. 1868, ch. 471, sec. 198.
1886, ch. 287. 1908, ch. 240, sec. 46.

88. No execution or attachment issued or levied upon the shares of
any defendant in the capital stock of a corporation standing on its books
in his name, shall affect any other interest than such as such defendant