§ 9-26-25 - Execution against corporations – Action against officers and stockholders.
SECTION 9-26-25
§ 9-26-25 Execution against corporations– Action against officers and stockholders. – Whenever final judgment for any sum shall be rendered by any court against anybanking association or any incorporated company, execution on the judgmentshall be issued against the goods, chattels, and real estate of thecorporation; and whenever any execution shall be, by the officer charged withthe service thereof, returned that he or she cannot find sufficient property ofthe corporation whereon to levy the execution, the party in whose favor thejudgment shall have been rendered may bring a civil action in the court inwhich the judgment was rendered against the president and directors, trustees,managers, or other like officers of the corporation, if any such there are,and, if none, then against so many of the stockholders or members thereof as heor she may think fit.