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2024 Code of Alabama
Title 6 - Civil Practice.
Chapter 6 - Remedies.
Article 4 - Creditors’ Actions.
Division 1 - General Provisions.
Section 6-6-187 - Subjecting Unpaid Subscriptions to Satisfy Payment of Judgment Against Corporation.
Universal Citation:
AL Code § 6-6-187 (2024)
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Section 6-6-187
Subjecting Unpaid Subscriptions to Satisfy Payment of Judgment Against Corporation.
A judgment creditor of a corporation, having an execution returned, “no property found,” may, by complaint in a court of competent jurisdiction, subject to the payment of his judgment the unpaid subscription of one or more stockholders in such corporation without joining the other stockholders and without regard to whether the corporation has called for such subscription or could commence an action therefor against the stockholder.
(Code 1896, §823; Code 1907, §3744; Code 1923, §7347; Code 1940, T. 7, §902.)
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