§ 34-17-3-6 Execution or attachment against corporation or persons claiming to be corporation

Codes > Indiana Code > Title 34 > Article 17 : Chapter 3 > 34-17-3-6 Execution

34-17-3-6 Execution or attachment against corporation or persons claiming to be corporation

    Sec. 6. (a) If judgment is rendered against a corporation or against any persons claiming to be a corporation, the court may cause the costs to be collected:

        (1) by execution against the persons claiming to be a corporation; or

        (2) by attachment against the directors or other officers of the corporation.

    (b) In addition, the court shall:

        (1) restrain the corporation;

        (2) appoint a receiver of the corporation's property and effects;

        (3) take an account; and

        (4) make a distribution of property among the creditors.

    (c) The prosecuting attorney shall immediately institute proceedings for these purposes.