Alabama Code (Last Updated: November 28, 2014) |
Title6 CIVIL PRACTICE. |
Chapter6. REMEDIES. |
Article4. Creditors' Actions. |
Division1. General Provisions. |
§6-6-187. Subjecting unpaid subscriptions to satisfy payment of judgment against corporation.
Latest version.
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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.