600.6025 Execution; exemptions; inventory; appraisal; expenses.

237 words·~1 min read·/mi/chapter-600/600-6025

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 6025.

(1)When a levy is made upon property of any class or species, which is exempt by law from execution to a specified number, amount or value, the officer levying such execution shall make inventory of so much of such property belonging to the judgment debtor as is sufficient, in the judgment of such officer, to cover the amount of the exemptions and satisfy the execution, and cause such property to be appraised at its cash value, by 2 disinterested freeholders of the township or city where the property is located, on oath to be administered by him to such appraisers.

(2)Where a homestead is claimed and, in the judgment of the officer or the judgment creditor, exceeds in value $3,500.00, the officer shall have the homestead appraised by 6 such appraisers.

(3)The appraisers shall make and sign an appraisal of the value of the property and parts thereof if it can be divided and deliver such appraisal to the officer, who shall deliver a copy of the appraisal to the debtor.

(4)Appraisers are entitled to $2.00 per day each for their services, and 6 cents per mile for traveling, in going only, such amounts to be collected upon execution from the plaintiff in execution.

History: 1961, Act 236, Eff. Jan. 1, 1963 ;-- Am. 1963, 2nd Ex. Sess., Act 40, Imd. Eff. Dec. 27, 1963