Arkansas Statutes

§ 16-66-403 — Levy on joint or partnership property - Assertion of claim

Arkansas·Title 16
(a)Whenever a sheriff or other officer levies an execution upon property or effects held jointly or in partnership by the debtor in the execution with others, to satisfy the separate debt of the debtor, the sheriff or other officer shall not proceed to make sale thereof, except as provided in this section if the person or persons, or any of them, holding a joint or partnership interest with the debtor, asserts a claim thereto, and, in writing, notifies the officer of the existence of the claim.
(b)Where any such levy is made, the officer shall give notice thereof, in writing, to the other joint owners or partners, if they are residing in his or her county, or to the agent, if any, of any joint owners or partners who are absent or nonresidents. If the joint owners or partners thereafter,

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Legislative History

Civil Code, §§ 742-748; C. & M. Dig., §§ 4280-4286; Pope's Dig., §§ 5292-5298; A.S.A. 1947, §§ 30-701 -- 30-707; Acts 2003, No. 1185, § 201.

Nearby Sections

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