Sec. 1. (a) Any personal property taken in execution may be returned to the execution defendant by the sheriff, upon the delivery by the defendant to the sheriff of a written undertaking described in subsection (b). (b) The written undertaking must be: (1) payable to the execution plaintiff, with sufficient surety to be approved by […]
[Pre-1998 Recodification Citation: 34-1-38-2.] As added by P.L.1-1998, SEC.51. Repealed by P.L.45-2016, SEC.25.
Sec. 3. In case of the nondelivery of the property according to the undertaking, the sheriff shall levy upon and sell the property, or any other property of the defendant, as soon as practicable, at any time before the return day of the execution. [Pre-1998 Recodification Citation: 34-1-38-3.] As added by P.L.1-1998, SEC.51.
Sec. 4. Upon the forfeiture of the written undertaking, the officer shall immediately return it endorsed “forfeited” to the clerk’s office for the use of the plaintiff. [Pre-1998 Recodification Citation: 34-1-38-4.] As added by P.L.1-1998, SEC.51.
Sec. 5. The written undertaking is valid in law. An action may be brought on the written undertaking, whenever the condition of the written undertaking is broken, and on recovery. The value of the property so taken, with damages not exceeding ten percent (10%) on the value, shall be assessed in favor of the plaintiff. […]
Sec. 6. On judgment obtained on the written undertaking, execution shall issue immediately, without stay, returnable in thirty (30) days, and the sheriff shall not return to the execution defendant any property levied on, except upon payment of the judgment. [Pre-1998 Recodification Citation: 34-1-38-6.] As added by P.L.1-1998, SEC.51.
