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Rule 672. Sales of Shares of Stock

TEXT

The sale so ordered shall be conducted in all respects as other sales of personal property under execution; and the officer making such sale shall execute a transfer of such shares or interest to the purchaser, with a brief recital of the judgment of the court under which the same was sold.

Source: Art. 4092, unchanged.

For context only: Art. 4093. Effect of Such Sale. Such sale shall be valid and effectual to pass to the purchaser all right, title and interest which the defendant had in such shares of stock, or in such company; and the proper officers of such company shall enter such sale and transfer on the books of the company in the same manner as if the same had been made by the defendant himself.

Oct. 29, 1940, eff. Sept. 1, 1941.

AMENDMENTS

Aug. 18, 1947, eff. Dec. 31, 1947