§ 34-17-3-6 — Execution or attachment against directors or officers of corporations

Indiana § 34-17-3-6

• Jurisdiction: Indiana
• Title 34: CIVIL LAW AND PROCEDURE
• Art. 17: CAUSES OF ACTION: INFORMATIONS
• Ch. 3: Judgment, Costs, and Enforcement

Text

(a) If judgment is rendered against a
corporation or against any persons claiming to be a corporation, the
court may cause the costs to be collected:
(1) by execution against the persons claiming to be a corporation;
or
(2) by attachment against the directors or other officers of the
corporation.
(b) In addition, the court shall:
(1) restrain the corporation;
(2) appoint a receiver of the corporation's property and effects;
(3) take an account; and
(4) make a distribution of property among the creditors.
(c) The prosecuting attorney shall immediately institute proceedings
for these purposes.
[Pre-1998 Recodification Citation: 34-1-59-12.]

Legislative History

As added by P.L.1-1998, SEC.12.