Alabama § 6-6-187 Subjecting Unpaid Subscriptions to Satisfy Payment of Judgment Against Corporation

Alabama Statutes

§ 6-6-187 — Subjecting Unpaid Subscriptions to Satisfy Payment of Judgment Against Corporation

Alabama·Title 6 Civil Practice·Ch. 6 Remedies·Art. 4 Creditors’ Actions·Div. 1 General Provisions

A judgment creditor of a corporation, having an execution returned, “no property found,” may, by complaint in a court of competent jurisdiction, subject to the payment of his judgment the unpaid subscription of one or more stockholders in such corporation without joining the other stockholders and without regard to whether the corporation has called for such subscription or could commence an action therefor against the stockholder.

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A judgment creditor of a corporation, having an execution returned, “no property found,” may, by complaint in a court of competent jurisdiction, subject to the payment of his judgment the unpaid subscription of one or more stockholders in such corporation without joining the other stockholders and without regard to whether the corporation has called for such subscription or could commence an action therefor against the stockholder.

Alabama § 6-6-187 (Subjecting Unpaid Subscriptions to Satisfy Payment of Judgment Against Corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.