§ 16-66-404 — Levy on shares or stock in corporations - Statement of shares and encumbrances

Arkansas § 16-66-404

• Jurisdiction: Arkansas
• Title: 16

Text

(a) Whenever an officer, having an execution or writ of attachment in his or her hands, levies on shares or stock in corporations, he or she shall make the levy or seizure by leaving a true copy of the writ with the president, secretary, cashier, or other officer, with the certificate of the officer making the levy, that he or she levies upon and takes such rights or shares to satisfy the execution. (b) When an execution shall be issued against any shares or stock in any bank, insurance company, or other corporation, it shall be the duty of the cashier, secretary, or chief clerk thereof, upon the request of the officer having the execution, to furnish him or her with a certificate under his or her hand, stating the number of rights or shares the defendant holds in the bank, company, or corporation, with the encumbrances thereon.

Legislative History

Rev. Stat., ch. 60, § 26; Acts 1891, No. 21, §§ 1, 2; C. & M. Dig., §§ 4278, 4279; Pope's Dig., §§ 5290, 5291; A.S.A. 1947, §§ 30-402, 30-403.