700 CORPORATIONS. [ART. 23

be liable to execution or attachment, and the same proceedings
shall be had as in other cases, except when they are varied by
sections 392 to 401 inclusive; provided, that all executions or
attachments levied or laid upon the shares or interest of any
defendant in the capital, joint stock or debts of a corporation
standing on its books in his name shall only affect the interest
which said defendants had in such capital, joint stocks or debts
at the time of levying such execution or attachment, and shall
not in any way affect the right, title or interest acquired by
any bona fide purchaser or pledgee for value to or in the capital,
joint stock or debts of such corporation standing on its books
in the name of such defendant by a sale or pledge thereof by
such defendant by a delivery of the certificate representing such
capital, joint stock or debts, with a power of attorney to trans-
fer the same made prior to the levying of such execution or
attachment, and that nothing contained in the succeeding sec-
tions of this article shall be construed to apply to any such
capital, joint stock or debts so sold or pledged, or to prohibit
or prevent any such corporation or purchaser or pledgee from
transfering the said capital, joint stock or debts represented by
such certificate upon the books of the corporation in the same
manner and to the same effect as if no such execution or attach-
ment had been levied.

Morton v. Grafflin, 68 Md. 559. Noble v. Turner, 69 Md. 519. Gemmell
v. Davis, 75 Md. 552.

1888, art. 23, sec. 278. 1868, ch. 471, see. 199.

392. The sheriff or other officer, upon being instructed to
levy such writ on any such stock or debt, shall deliver to the
president 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 pur-
pose for which he has seized the same, and shall retain a copy
of such notice, and return it with the writ.

Ibid, sec 279. 1868, ch. 471, sec. 200.

393. 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 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 presi-
dent or other officer, so required, shall refuse or neglect for
twenty-four hours to deliver such certificate, the sheriff or other
officer shall certify the fact to the court to which the writ is