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Alabama · Through Act 2026-611

Ala. Code § 6-6-414: Unpaid Subscription of Stock.

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Where this section sits in the code
  1. Title 6 Civil Practice.
  2. Chapter 6 Remedies.
  3. Article 9 Garnishments.
  4. Division 3 What May Be Garnished.

Any creditor of a corporation may, by garnishment, subject the unpaid subscription of any stockholder in such corporation to the payment of its debts, without regard to whether the corporation can commence an action against the stockholder for such subscription or not.

Collected 2026-09-03T14:01:51Z. Source file · JSON

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