Section 21-28-17 - Injunction, receivership, and distribution on judgment against corporation

21-28-17. Injunction, receivership, and distribution on judgment against corporation.When such judgment shall be rendered against a corporation, the court has power to restrain the corporation, to appoint a receiver of its property, and to take an account and make distribution thereof among its creditors; and the state's attorney must, immediately after the rendition of such judgment, institute proceedings for that purpose. Source: CCivP 1877, §545; CL 1887, §5359; RCCivP 1903, §584; RC 1919, §2795; SDC 1939 & Supp 1960, §37.0506.