Section 521.850 Claim to state value of property.

MO Rev Stat § 521.850 (2019) (N/A)

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Effective 28 Aug 1939

521.850. Claim to state value of property. — 1. Every claim made under this law or the law to which it is amendatory shall state the value of the property or interest claimed, and the indemnification bond demandable of the plaintiff or his agent shall be in double the value stated in the claim; but if such value is objected to by the plaintiff or his agent the officer having the property in custody shall proceed to ascertain the real value of such property or interest claimed in the same manner as is prescribed by the law for the time being for the valuation of property exempt from execution; and in such cases said indemnification bond shall be in double the value of such property or interest as ascertained by such appraisement.

2. Any indemnification bond taken, as aforesaid, with good and sufficient security, shall be deemed an indemnification bond within the meaning of the law to which this law is amendatory; and every such indemnification bond shall be conditioned as the bond which, by the thirtieth section of the "act to regulate executions", approved December 1, 1855, chapter 63 of the revised statutes of 1855, the plaintiff may tender to the sheriff after claim made to goods levied on under execution.

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(RSMo 1939 § 15695)

Prior revision: 1929 § 14747

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