§ 12-501. Lienholder sale of seized property

Latest version.

   (a) Notice required. -- Before exercising the right to sell property that has been seized under this title, a lienholder shall give to the forfeiting authority:

   (1) written notice of the intention to sell;

   (2) copies of documents giving rise to the lien;

   (3) an affidavit under oath by the lienholder:

      (i) stating that the underlying obligation is in default; and

      (ii) stating the reasons for the default.

(b) Release of property on request. -- On request of the lienholder, the forfeiting authority shall release the property to the lienholder.

HISTORY: An. Code 1957, art. 27, § 297(r)(2); 2001, ch. 10, § 2.

                    
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