clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Maryland Code, Public General Laws, 1888
Volume 389, Page 394   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

394 CORPORATIONS—EXECUTION AGAINST STOCK. [ART. 23.

1868, ch. 471, sec. 203.

282. If any corporation or its officers, after service of notice
of seizure as aforesaid, shall transfer or permit to be transferred,
any shares of stock or any debt standing at the time of service in
the name of the defendant, unless the same is released, as pro-
vided in the succeeding section, 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.

Ibid. sec. 204.

283. If the proceedings under such writ be ended by counter-
mand, 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.

Ibid. sec. 205.

284. 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 transfer 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.

Ibid sec. 206.

285. 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 virtue of which such
stock or debt was sold, was returnable, or any judge thereof in
vacation, may punish by process of contempt all persons so refusing
to permit such transfer, and may also cause the proper book of
such corporation to be brought before such court or judge, and
the transfer to be made; and the corporation shall be liable for all
damages sustained by reason of a refusal to permit such transfer.

Ibid. sec. 207.

286. The purchaser may refuse to accept the transfer of any
stock or transferable debt, unless it be made within thirty days
after the sale, and may bring an action on the case against the

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Maryland Code, Public General Laws, 1888
Volume 389, Page 394   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  Cannot perform flastmod(): Win32 Error Code = 2

Maryland State Archives