State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_1 > GS_1-324_3

§1‑324.3.  Shares subject to execution; agent must furnish information.

Any share or interest in anybank, insurance company, or other joint stock company, that is or may beincorporated under the authority of this State, or incorporated or establishedunder the authority of the United States, belonging to the defendant inexecution, may be taken and sold by virtue of such execution in the same manneras goods and chattels. The clerk, cashier, or other officer of such company whohas at the time the custody of the books of the company shall, upon being shownthe writ of execution, give to the officer having it a certificate of thenumber of shares or amount of the interest held by the defendant in thecompany; and if he neglects or refuses to do so, or if he willfully gives afalse certificate, he shall be liable to the plaintiff for the amount due onthe execution, with costs. (1901, c. 2, ss. 69, 70; Rev., ss. 1214, 1215; C.S.,s. 1203; 1955, c. 1371, s. 2.)