Effective: March 13, 1986
Latest Legislation: House Bill 442 – 116th General Assembly
An order of possession issued by a court shall not be effective until the movant files with the court a bond to the respondent, executed by the movant’s surety, in an amount twice the approximate value of the property described in the order, to the effect that, should judgment be issued against the movant, the movant will return the property taken or pay the value so assessed, at the election of the respondent, and also pay the damages suffered by the respondent as a result of the taking and detention of, and any injury to, the property and the costs of the action.
In lieu of the bond, the movant may deposit with the clerk of the court cash in an amount equal to twice the approximate value of the property.
If the movant is indigent, the court may, on motion of the movant or on its own motion, waive the bond required by this section, or may set the bond in a lower amount, as fairness requires.