When personal property, attached on a writ or seized on execution, is claimed by virtue of a security interest, mortgage, pledge or lien, the claimant shall not bring an action against the attaching officer therefor:

1. 1. Notice Until he has given him at least 48 hours' written notice of his claim and the true amount thereof; or
2. 2. Payment If the officer or creditor within that time discharges the claim by paying same or tendering the amount due thereon; or
3. 3. Property restored If the officer within that time restores the property; or

4. 4. Claimant to answer Where the property was attached on a writ or seized on execution while in the hands or possession of the debtor, the attaching creditor within that time summons the claimant to answer in the same action such questions as may be put to him relative to the consideration, validity and amount due secured by such security interest, mortgage or lien.

   [PL 1971, c. 622, §55-A (AMD).]

PL 1967, c. 213, §6 (AMD). PL 1971, c. 622, §§55-A (AMD). PL 1971, c. 622, §55-A (AMD).