A corporation is a legal entity created through the laws of its state of incorporation. State corporation laws require articles of incorporation to document the corporation's creation and to provide provisions regarding the management of internal affairs.
The given is called a writ of attachment or an order of attachment
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Explanation:
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In the court of law the defendant is an individual or company accused for committing a crime. If the judge has pronounced a judgement in favour of the plaintiff in the case of any disputes which may be a settlement in the form of money or in the form of assets.
The plaintiff may take the help of the court or court appointed sheriff to settle the dues from defendant. So the court appointed officials will make use of their power and protect the assets being sold. And this court process is known as order of attachment.
