521.850. Claim to state value of property. - Missouri Statutes

Claim to state value of property.

521.850. 1. Every claim made under this law or the law towhich it is amendatory shall state the value of the property orinterest claimed, and the indemnification bond demandable of theplaintiff or his agent shall be in double the value stated in theclaim; but if such value is objected to by the plaintiff or hisagent the officer having the property in custody shall proceed toascertain the real value of such property or interest claimed inthe same manner as is prescribed by the law for the time beingfor the valuation of property exempt from execution; and in suchcases said indemnification bond shall be in double the value ofsuch property or interest as ascertained by such appraisement.

2. Any indemnification bond taken, as aforesaid, with goodand sufficient security, shall be deemed an indemnification bondwithin the meaning of the law to which this law is amendatory;and every such indemnification bond shall be conditioned as thebond which, by the thirtieth section of the "act to regulateexecutions", approved December 1, 1855, chapter 63 of the revisedstatutes of 1855, the plaintiff may tender to the sheriff afterclaim made to goods levied on under execution.

(RSMo 1939 § 15695)

Prior revision: 1929 § 14747