When the attaching or execution creditor thus pays or deposits the amount of the claim under the security agreement, the creditor shall not be required to give an indemnifying bond on notice to the sheriff by the holder of the security agreement of the holder's right to the property thereunder, or if one has been given, it shall be released.
[C97, § 3985; C24, 27, 31, 35, 39, § 11688; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 626.40]
Previous Section 626.39
Next Section 626.41
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/626/40.html
jhf