(Effective Until January 1, 1997) Attachment or levy upon security.

(1) No attachment or levy upon a security or any share or other interest evidenced thereby which is outstanding shall be valid until the security is actually seized by the officer making the attachment or levy but a security which has been surrendered to the issuer may be attached or levied upon at the source.

(2) A creditor whose debtor is the owner of a security shall be entitled to such aid from courts of appropriate jurisdiction, by injunction or otherwise, in reaching such security or in satisfying the claim by means thereof as is allowed by law in regard to property which cannot readily be attached or levied upon by ordinary legal process.

(Acts 1965, No. 549, p. 811.)