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

Indiana Statutes

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

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

(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.]

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(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.]

Indiana § 34-17-3-6 (Execution or attachment against directors or officers of corporations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.