Execution or attachment against directors or officers of corporations

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. [Pre-1998 Recodification Citation: 34-1-59-12.] As added by P.L.1-1998, SEC.12.