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This entry was published on 2014-09-22
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SECTION 208
Judgment
Lien (LIE) CHAPTER 33, ARTICLE 9
§ 208. Judgment. 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.