State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_1 > GS_1-324_7

§1‑324.7.  Duty and liability of nonresident custodian.

The nonresident clerk,cashier, or other officer in such corporation, to whom notice in writing issent as prescribed in G.S. 1‑324.6, shall send forthwith to the officerhaving the writ, a statement of the time when he received the notice and acertificate of the number of shares held by the defendant in the corporation atthe time of the receipt, not actually transferred on the books of thecorporation, and the sheriff, or other officer, on receipt by him of thiscertificate, shall insert the number of shares in the inventory attached to thewrit. If the clerk, cashier, or other officer in such corporation neglects tosend the certificate as aforesaid or willfully sends a false one, he is liableto the plaintiff for double the amount of damages occasioned by his neglect, orfalse certificate, to be recovered in an action against him, but the neglect tosend, or miscarriage of the certificate, does not impair the validity of thelevy upon the stock. (1901, c. 2, s. 72; Rev., s. 1218; C.S., s. 1207;1955, c. 1371, s. 2.)