13 §331. Parol contracts

§331. Parol contracts Corporations are bound by parol contracts made by an agent authorized by vote or by their bylaws. Contracts may be implied from corporate acts or from the acts of the general agent.  

13 §332. Mortgages

§332. Mortgages Title 23, chapter 605, subchapters IV and V, shall apply to and include all mortgages of franchises, lands or other hereditaments or of all of them heretofore or hereafter given by any corporation to trustees to secure scrip or bonds of said corporation. The holder of said scrip or bonds shall have the […]

13 §333. Property and franchise taken for debts

§333. Property and franchise taken for debts The property of any corporation, and the franchise of one having a right to receive a toll established by the State, with its privileges and immunities, are liable to attachment on mesne process and levy on execution for debts of the corporation in the manner prescribed by law. […]

13 §334. Information for process server

§334. Information for process server Every agent or person having charge of corporate property shall on request furnish to any officer, having a writ or execution against the corporation for service, the names of the directors and clerk and a schedule of all property, including debts known by him to belong to the corporation. Any […]

13 §335. Execution satisfied from debts due; proceedings

§335. Execution satisfied from debts due; proceedings An officer, having an execution against a manufacturing corporation and unable to find property liable to seizure, or the creditor may elect to satisfy it in whole or in part by a debt due to the corporation not exceeding the amount due to the creditor. The person having […]

13 §336. Neglect of duty; penalty

§336. Neglect of duty; penalty Any officer or other person who unnecessarily neglects or refuses to comply with sections 334 and 335 forfeits not exceeding 4 times the amount due on such execution and may be imprisoned for less than one year.  

13 §337. Books produced for trial; refusal

§337. Books produced for trial; refusal When a suit or prosecution is pending for a violation, either of sections 334 to 336 or to enforce the liabilities created by Title 13‑C, section 833, the clerk or person having custody of the books of the corporation shall, upon reasonable written notice, produce them on trial; and […]