2006 Kentucky Revised Statutes - .640   Bond required for suspension of sale of personal property.

426.640 Bond required for suspension of sale of personal property. 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. Effective: July 1, 1953 History: Transferred 1952 Ky. Acts ch. 84, sec. 1, effective July 1, 1953, from C.C. sec. 645.