460

LAWS OF MARYLAND.

ary session of eighteen hundred and sixty-
eight, entitled an act to repeal article twenty-
six of the Code of Public General Laws, and
to re-enact a substitute therefor, and to repeal
section twenty-two of article sixteen, sections
ninety-nine to one hundred and three of the
same article, and sections thirty-three to forty-
three of article eighty-eight of the Code of
Public General Laws, relating to corporations,
be and the same is hereby repealed and re-en-
acted with amendments so as to read as follows:

SEC. 198. That any interest which any de-
fendant in a judgment or decree rendered by
a Court of Law or Equity, or in a proceeding
by attachment on original process, has in the
capital, joint stock or debts of a corporation

Attachment.

transferable on its books, shall be liable to
execution or attachment, and the same pro-
ceedings shall be had as in other cases, except
when they are varied by the following sec-
tions; provided, that all executions or attach-
ments 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
such defendant had in such capital, joint stock
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 cor-
poration 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,

Not to effect
bona fide trans-
fers.

with a power of attorney to transfer the same
made prior to the levying of such execution
or attachment, and that nothing contained in
the succeeding sections of this act shall be
construed to apply to any such capital, joint
stock or debts so sold or pledged, or to pro-
hibit or prevent any such corporation or pur-
chaser or pledgee from transferring the said
capital, joint stock or debts represented by