District of Columbia § 15-313 Levy on equitable interest in chattels pledged.

District of Columbia Statutes

§ 15-313 — Levy on equitable interest in chattels pledged.

District of Columbia·Title 15 Judgments and Executions; Fees and Costs. [Enacted title]·Ch. 3 Enforcement of Judgments and Decrees.·Subch. I Local Judgments and Decrees.

The interest of the debtor in personal chattels lawfully pledged for the payment of a debt or performance of a contract, or held by a trustee, and in which the debtor’s interest is only equitable, may be levied upon in the hands of the pledgee or trustee without disturbing the possession of the latter, and the lien thus obtained may be enforced by civil action. In other cases of equitable interest of the judgment debtor in personal chattels execution may also be levied thereon and the lien thus obtained may be enforced by civil action.

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The interest of the debtor in personal chattels lawfully pledged for the payment of a debt or performance of a contract, or held by a trustee, and in which the debtor’s interest is only equitable, may be levied upon in the hands of the pledgee or trustee without disturbing the possession of the latter, and the lien thus obtained may be enforced by civil action. In other cases of equitable interest of the judgment debtor in personal chattels execution may also be levied thereon and the lien thus obtained may be enforced by civil action.

District of Columbia § 15-313 (Levy on equitable interest in chattels pledged.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.