44-14-45
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44-14-45.
Purchasers
at public sales of personal property subject to the lien of a mortgage shall
give bond and security in double the value of the property to the officer making
the sale and conditioned not to remove the property from the state and for its
forthcoming answer to the lien; provided, however, that prior to the sale the
mortgagee or his or her agent shall file with the officer an affidavit stating
the amount due on the mortgage and that he or she expects the loss of the
property unless the bond is taken. On failure to give the bond, the property
shall be resold at the risk of the purchaser.