Section 208. Judgment  


Latest version.
  • In an action brought in a court specified in the last
      section,  final  judgment,  in  favor of the plaintiff, must specify the
      amount of the lien or the monetary obligation secured  by  the  security
      interest,  and  direct a sale of the chattel to satisfy the same and the
      costs, if any, by a referee appointed thereby, or an officer  designated
      therein,  in  like  manner as where a sheriff sells personal property by
      virtue of an execution; and the application by him of  the  proceeds  of
      the  sale,  less  his fees and expenses, to the payment of the amount of
      the lien or the monetary obligation secured by  the  security  interest,
      and the costs of the action. It must also provide for the payment of the
      surplus  to  the  owner  of the chattel, and for the safe keeping of the
      surplus, if necessary, until it is claimed by him. If a defendant,  upon
      whom  the  summons is personally served, is liable for the amount of the
      lien or the monetary obligation secured by the security interest, or for
      any part thereof, it may also award payment accordingly.