426.640 Bond required for suspension of sale of personal property.
105 words·~1 min read·
/ky/chapter-426/426-640A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The sale of personal property upon which an execution is levied shall be suspended at the instance of any person, other than the defendant in the execution, claiming the property, who shall execute, with one
(1)or more sureties sufficient for double its value, a bond to the plaintiff in the execution, to the effect that, if it shall be adjudged that the property or any part of it is subject to the execution, he will pay to the plaintiff the value of the property so subject, and ten percent (10%) thereon, not exceeding the amount due on the execution, and ten percent (10%) thereon.