Legislation
SECTION 1201
Action by judgment creditor for sequestration
Business Corporation (BSC) CHAPTER 4, ARTICLE 12
§ 1201. Action by judgment creditor for sequestration.
Where final judgment for a sum of money has been rendered against a
corporation, and an execution issued thereupon to the sheriff of the
county where the corporation does its general business, or where its
office is located, has been returned wholly or partly unsatisfied, the
judgment creditor may maintain an action to procure a judgment
sequestrating the property of the corporation and providing for a
distribution thereof.
Where final judgment for a sum of money has been rendered against a
corporation, and an execution issued thereupon to the sheriff of the
county where the corporation does its general business, or where its
office is located, has been returned wholly or partly unsatisfied, the
judgment creditor may maintain an action to procure a judgment
sequestrating the property of the corporation and providing for a
distribution thereof.