Section 1324. Claiming agent's duties after levy  


Latest version.
  • 1. Retention of property.
      The claiming agent shall hold and safely  keep  all  property  or  debts
      paid, delivered, transferred or assigned to him or her or taken into his
      or  her  custody to answer any judgment that may be obtained against the
      defendant in the action, unless otherwise directed by the court  or  the
      claiming  authority, subject to the payment of the claiming agent's fees
      and expenses, if any. Any money shall be held for  the  benefit  of  the
      parties to the action in an interest-bearing trust account at a national
      or state bank or trust company. If the urgency of the case requires, the
      court  may  direct sale or other disposition of property, specifying the
      manner and terms thereof, with notice to the parties to the  action  and
      the garnishee who has possession of such property.
        2.  Inventory.  Within  fifteen  days  after  service  of  an order of
      attachment or forthwith after such order has been vacated  or  annulled,
      the  claiming  agent  shall  file  an  inventory  of  property seized, a
      description of real property levied upon, the names and addresses of all
      persons served with the order of attachment,  and  an  estimate  of  the
      value of all property levied upon.