426.580 Forthcoming bond for personalty levied on -- Form -- Effect.
149 words·~1 min read·
/ky/chapter-426/426-580A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The owner of personal property taken in execution may give to the levying officer a
bond, with good surety, to have the property forthcoming at the time and place of
sale, which shall specify each article of property and its value.
(2)The bond shall be in substance as follows: "We, A B, principal, and C D, surety, do
bind ourselves that the property mentioned in the following schedule and valuation,
to-wit: ...., valued at .... dollars (naming each article and its value) shall be
forthcoming at .... on the .... day of .... next, by the hour of twelve o'clock in the day.
Witness our hands, ...., ....."
(3)Upon the giving of the bond, the officer shall restore the possession of the property
taken in execution to the defendant, to remain with him at his own risk and expense
until the time stipulated for its delivery.