§ 34-25-2-12 — Undertaking by defendant or person having possession of property

The defendant or other person who has
possession of attached property may have the property, or any part of
the property, delivered to the defendant or person by executing and
delivering to the sheriff a written undertaking, with surety, to be
approved by the sheriff, payable to the plaintiff, to the effect that:
(1) the property shall be:
(A) properly kept and taken care of; and
(B) delivered to the sheriff on demand, or so much of the
property as may be required to be sold on execution to satisfy
any judgment that may be recovered against the defendant or
person in the action; or
(2) the defendant or person will pay the appraised value of the
property, not exceeding the amount of the judgment and costs.
[Pre-1998 Recodification Citation: 34-1-11-13.]

Legislative History

As added by P.L.1-1998, SEC.20.