What is FORTHCOMING BOND?

A bond given to a sheriff who has levied on property, conditionedthat the property shall be forthcoming. i. c., produced, when required. On thegiving of such bond, the goods are allowed to remain in the possession of the debtor.Ilill v. Manser, 11 Grat. (Va.) 522; Nichols v. Chittenden, 14 Colo. App. 49, 59 Pac. 954.The sheriff or other officer levying a writ of fieri facias, or distress warrant, may takefrom the debtor a bond, with sufficient surety, payable to the creditor, reciting theservice of such writ or warrant, and the amount due thereon,(including his fee for taking the bond, commissions. and other lawful charges, if any.)with condition that the property shall be forthcoming at the day and place of sale;whereupon such property may be permitted to remain in the possession and at the riskof the debtor. Code Va. 18S7,

More On This Topic



Link to This Definition
Did you find this definition of FORTHCOMING BOND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary