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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 93   View pdf image (33K)
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ART. 26.] CORPORATIONS.

93

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 certificate.

Books.

201. 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 re-

Schedule of
shares or debt.

quired to levy, and costs, and shall give notice to the
corporation that the stock or debt not included in his
schedule is released.

Notice to cor-
poration.

202. If the levy be made under a fieri facias, the
sheriff shall advertise and sell the stock or debt as if
the same were real estate.

Advertisement
and sale.

203. If any corporation or its officers, after service
of notice of seizure as aforesaid, shall transfer or per-
mit to be transferred, any shares of stock or any debt
standing at the time of service in the name of the de-
fendant, unless the same is released, as hereinafter pro-
vided, such corporation shall pay to the plaintiff in
the writ under which such notice was given, the full
market value of the stock or debt so transferred, to be
recovered by suit.

Transfer after
seizure.

204. If the proceedings under such writ be ended
by countermand, payment or any other cause before a
sale, the stock seized thereunder shall be released, and
the sheriff shall give notice thereof in writing to the
corporation.

Discontinu-
ance of pro-
ceedings.

205. If the sheriff shall make sale of any shares of
stock or transferable debt, whether he continues in
office or not, or whether he has returned the writ
under which the sale was made or not, he shall trans-
fer the said stock or debt so sold on the books of the
corporation to the purchaser; or if the sheriff making
such sale shall die or remove from the- county without
making such transfer, the court to which the writ was
returnable may appoint a person to make the same.

Sale by sheriff
and transfer to
purchaser.

206. If any corporation or any of its officers shall
refuse to permit any transfer authorized to be made by
the preceding section, the court to which the writ by
. 7

Punishment of
recusant corpo-
ration officers.



 
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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 93   View pdf image (33K)
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  << PREVIOUS  NEXT >>


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