TITLE 9

Courts and Civil Procedure–Procedure Generally

CHAPTER 9-26

Levy and Sale on Execution

SECTION 9-26-26



   § 9-26-26  Execution against corporation

officers and stockholders. –

On the hearing of the action authorized by § 9-26-25, unless the president

and directors, trustees, managers, or other like officers, stockholders, or

members shall make it appear that they had not, at the time of the service of

process upon them, within their possession and control, sufficient property of

the corporation to satisfy the judgment or any part thereof, the court shall

issue execution against the president, directors, trustees, managers, or other

like officers, stockholders, or members, for the amount of the judgment, with

interest and costs, as for their own private debt; but if it shall appear that

the officers, stockholders, or members had property to satisfy part of the

judgment only, then an execution shall issue for that amount only and costs.



History of Section.

(C.P.A. 1905, § 646; G.L. 1909, ch. 304, § 23; G.L. 1923, ch. 355,

§ 23; G.L. 1938, ch. 553, § 23; G.L. 1956, § 9-26-26; P.L. 1965,

ch. 55, § 45.)