AN ACT TO AMEND CHAPTER 1, TITLE 8, § 324 OF THE DELAWARE CODE RELATING TO ATTACHMENT OF SHARES OF STOCK OR ANY RIGHT, OPTION OR INTEREST THEREIN; PROCEDURE; SALE; TITLE UPON SALE; PROCEEDS.
Be it enacted by the General Assembly of the State of Delaware (two-thirds of all Members elected to each House thereof concurring therein):
Section 1. § 324 (c), Chapter 1, Title 8 of the Delaware Code, is hereby amended by adding to § 324 (c) the following:
The Court which issued the levy and confirmed the sale shall have the power to make an order compelling the corporation, the shares of which were sold, to issue new certificates to the purchaser at the sale and to cancel the registration of the shares attached on the books of the corporation upon the giving of an open end bond by such purchaser adequate to protect the corporation.
Approved May 28, 1959.