§ 511:21-a — Corporate Securities

New Hampshire § 511:21-a

• Jurisdiction: New Hampshire
• Title LII: ACTIONS, PROCESS, AND SERVICE OF PROCESS
• Ch. 511: ATTACHMENTS
• Subdivision: Shares in Corporations, Pews, Bulky Articles, Etc.

Text

A security may be attached or levied upon as provided in RSA 382-A:8-112. Whenever jurisdiction exists over the person of a debtor who owns a security and the sheriff or deputy to whom a creditor has delivered process for the attachment of or levy upon such security is unable to seize or take possession of the same, the superior court, upon application of the creditor and with or without notice to the debtor, may issue a mandatory order enjoining the debtor from transferring or encumbering such security and directing the debtor to surrender such security to the sheriff or his deputy within a time limit to be set forth in the order, for the purpose of enabling such officer to attach or levy upon the same. Such order shall be served upon the debtor by such officer, and failure to comply therewith shall be punishable as a contempt of court. No bond shall be required of the creditor as a condition precedent to the issuance of such an order ex parte, but, in such cases, the order of the court shall set a time and place prior to the expiration of the time limit for compliance therewith at which the debtor may be heard if he desires, and upon such hearing, the ex parte order may be stayed or modified for just cause shown. "Security" as used in this section means a security as defined in RSA 382-A:8-102.

Legislative History

1971, 248:1. 2001, 102:48, eff. July 1, 2001.