Undertaking by defendant or person having possession of property
Sec. 12. 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.
As added by P.L.1-1998, SEC.20.
Last modified: May 24, 2006