Sec. 52-380e. Discharge of judgment lien on substitution of bond or lien on other property.
Sec. 52-380e. Discharge of judgment lien on substitution of bond or lien on
other property. When a lien is placed on any real or personal property pursuant to
section 52-355a or 52-380a, the judgment debtor may apply to the court to discharge
the lien on substitution of (1) a bond with surety or (2) a lien on any other property of
the judgment debtor which has an equal or greater net equity value than the amount
secured by the lien. The court shall order such a discharge on notice to all interested
parties and a determination after hearing of the sufficiency of the substitution. The
judgment creditor shall release any lien so discharged by sending a release sufficient
under section 52-380d by first class mail, postage prepaid, to the judgment debtor.
(P.A. 83-581, S. 16, 40.)
Cited. 37 CA 764.