21-28-17. Injunction, receivership, and distribution on judgment against corporation.
53 words·~1 min read·
/sd/title-21/chapter-21-28/21-28-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When such judgment shall be rendered against a corporation, the court has power to restrain the corporation, to appoint a receiver of its property, and to take an account and make distribution thereof among its creditors; and the state's attorney must, immediately after the rendition of such judgment, institute proceedings for that purpose.