Execution or Attachment Against Directors or Officers of Corporations

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Sec. 6. (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.]

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


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