§ 626.54 — Indemnifying bond — sale and return

Iowa § 626.54

• Jurisdiction: Iowa
• Title XV: JUDICIAL BRANCH AND JUDICIAL PROCEDURES
• Ch. 626: EXECUTION

Text

When the officer receives notice of ownership or exemption, the officer may forthwith give
the plaintiff, the plaintiff’s agent, or attorney, notice that an indemnifying bond is required.
Bond may be given by or for the plaintiff, with one or more sufficient sureties, to be approved
by the officer, to the effect that the obligors will indemnify the officer against the damages
which the officer may sustain in consequence of the seizure or sale of the property, and will
pay to any claimant the damages the claimant may sustain in consequence of the seizure or

sale, and will warrant to any purchaser of the property such estate or interest therein as is
sold. After the bond has been given and approved, the officer shall proceed to subject the
property to the execution, and shall return the indemnifying bond to the court from which
the execution issued.

Legislative History

[R60, §3277; C73, §3056; C97, §3992; C24, 27, 31, 35, 39, §11702; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §626.54]