(a)
(1) Within two (2) days after the taking of the property by the sheriff, in the case in which the property was not taken under an execution, the defendant or anyone for him or her may cause a bond to be executed to the plaintiff in the presence of the sheriff, by one (1) or more sufficient sureties, in double the value of the property, to the effect that the defendant shall perform the judgment of the court in the actions.
(2) Thereupon the sheriff shall restore the property to the defendant or to the person in whose possession it was found.
(b)
(1) If the bond is not executed within the time provided in subsection (a) of this section, the sheriff shall deliver the property to the plaintiff.
(2) The sheriff shall return the bonds with the order.
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