ACT. 23. ] CORPORATIONS. 41

subject to any liability as stockholder, but the person pledging
the stock, and the estates and funds in the hands of such execu-
tor, administrator, guardian, committee, receiver or trustee,
shall be subject to the liability, if any, imposed upon the
holders of the shares.

SEC. 41. Every stockholder of any corporation of this State,
in case of a reduction of its capital stock, 'as provided for in
Section 27 of this Article, shall be liable to the corporation or
its receiver for the payment of its liabilities existing at the
time of such reduction, to the extent of the amount withdrawn
and paid to such stockholder, and (except stockholders in
banking corporations and those classes of corporations for
which special provision is hereinafter made in this article)
every stockholder of any corporation in this State shall remain
liable for the benefit of its creditors for the amount of the face
value of his stock, or of his subscription in case the stock has
not been issued, less the amount he shall already have paid
thereon, until he shall have paid said amount in good faith;
and in the event of the insolvency of the corporation, such
liability shall be considered as an asset of the corporation and
may be enforced by the receiver, trustee or other person wind-
ing up the affairs of said corporation, notwithstanding any
release, agreement or arrangement short of actual payment
which may have been made between said corporations and said
stockholder.

Lost Certificates.

SEC. 42. The directors of a corporation may, unless otherwise
provided in the by-laws, determine the conditions upon which
a new certificate of stock may be issued in place of a certifi-
cate which is alleged to have been lost or destroyed. They
may, in their discretion, require the owner of such certificate
or his legal representative to give bond, with sufficient surety,
to the corporation to indemnify it against any loss or claim
which may arise by reason of the issue of a certificate in the
place of the missing one.

Execution or Attachment of Shares.

SEC. 43. The interest which any defendant in a judgment or
decree rendered by a Court of Law or Equity, or in any pro-
ceeding by attachment, has on the books thereof in the capital
stock of a corporation of this State, or of any National Bank
located therein, shall be liable to execution or attachment, and
the proceedings thereon shall be as follows: the sheriff or
other execution officer charged with the execution of the writ