§ 9-26-26 - Execution against corporation officers and stockholders. - Rhode-island Statutes

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Statutes > Rhode-island > Title-9 > Chapter-9-26 > 9-26-26

SECTION 9-26-26

§ 9-26-26 Execution against corporationofficers and stockholders. – On the hearing of the action authorized by § 9-26-25, unless the presidentand directors, trustees, managers, or other like officers, stockholders, ormembers shall make it appear that they had not, at the time of the service ofprocess upon them, within their possession and control, sufficient property ofthe corporation to satisfy the judgment or any part thereof, the court shallissue execution against the president, directors, trustees, managers, or otherlike officers, stockholders, or members, for the amount of the judgment, withinterest and costs, as for their own private debt; but if it shall appear thatthe officers, stockholders, or members had property to satisfy part of thejudgment only, then an execution shall issue for that amount only and costs.

State Codes and Statutes

Statutes > Rhode-island > Title-9 > Chapter-9-26 > 9-26-26

SECTION 9-26-26

§ 9-26-26 Execution against corporationofficers and stockholders. – On the hearing of the action authorized by § 9-26-25, unless the presidentand directors, trustees, managers, or other like officers, stockholders, ormembers shall make it appear that they had not, at the time of the service ofprocess upon them, within their possession and control, sufficient property ofthe corporation to satisfy the judgment or any part thereof, the court shallissue execution against the president, directors, trustees, managers, or otherlike officers, stockholders, or members, for the amount of the judgment, withinterest and costs, as for their own private debt; but if it shall appear thatthe officers, stockholders, or members had property to satisfy part of thejudgment only, then an execution shall issue for that amount only and costs.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-9 > Chapter-9-26 > 9-26-26

SECTION 9-26-26

§ 9-26-26 Execution against corporationofficers and stockholders. – On the hearing of the action authorized by § 9-26-25, unless the presidentand directors, trustees, managers, or other like officers, stockholders, ormembers shall make it appear that they had not, at the time of the service ofprocess upon them, within their possession and control, sufficient property ofthe corporation to satisfy the judgment or any part thereof, the court shallissue execution against the president, directors, trustees, managers, or otherlike officers, stockholders, or members, for the amount of the judgment, withinterest and costs, as for their own private debt; but if it shall appear thatthe officers, stockholders, or members had property to satisfy part of thejudgment only, then an execution shall issue for that amount only and costs.