TITLE 9
Courts and Civil ProcedureProcedure 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.)
