Rhode Island General Laws 10-5-26. Attachment of mortgaged personal property
Current as of: 2023 | Check for updates
|
Other versions
Personal estate, when mortgaged and in the possession of the mortgagor, and while the estate is redeemable at law or in equity, may be attached on writ of attachment against the mortgagor, in the same manner as his or her other personal estate.
History of Section.
C.P.A. 1905, § 570; G.L. 1909, ch. 301, § 4; G.L. 1923, ch. 351, § 4; G.L. 1938, ch. 549, § 3; G.L. 1956, § 10-5-26.
Terms Used In Rhode Island General Laws 10-5-26
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.