(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.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 1671.
Notes of Decisions
Schlarman v. Nageleisen (In re Nageleisen), 527 B.R. 258 (Bankr. E.D. Ky. 2015).
· cites it 2× “See Ky. Rev. Stat. § 426.580(1) (granting owners in foreclosure a right of redemption in the event foreclosed property is sold for less than two-thirds of its appraised value).”
Town Branch Storage, Inc. v. Commonwealth, 995 S.W.2d 398 (Ky. Ct. App. 1999).
“KRS 426.580(1) provides as follows: If real property sold in pursuance of a judgment or order of a court, other than an execution, does not bring two-thirds of its appraised value, the defendant and his representatives may redeem it within a year from the day of sale, by paying…”
— Ky. Rev. Stat. § 426.580(1) — 2 cases
Schlarman v. Nageleisen (In re Nageleisen), 527 B.R. 258 (Bankr. E.D. Ky. 2015).
“See Ky. Rev. Stat. § 426.580(1) (granting owners in foreclosure a right of redemption in the event foreclosed property is sold for less than two-thirds of its appraised value).”
Town Branch Storage, Inc. v. Commonwealth, 995 S.W.2d 398 (Ky. Ct. App. 1999).
“KRS 426.580(1) provides as follows: If real property sold in pursuance of a judgment or order of a court, other than an execution, does not bring two-thirds of its appraised value, the defendant and his representatives may redeem it within a year from the day of sale, by paying…”
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