Opinion ID: 1656409
Heading Depth: 3
Heading Rank: 5

Heading: Whether the bank, as purchaser at the sheriff's execution sale, becomes the owner of Pacesetter's and Pope's 03-CV-030-B choses in action.

Text: ¶ 36. According to Mississippi Code Annotated Section 13-3-135, [t]he purchaser of any chose in action, stock, share, interest, judgment, or decree of the defendant, sold under execution or attachment, shall become the owner thereof, in the same manner as if it had been regularly assigned to him by the defendant. (Emphasis added). We relied on this statute in Maranatha and held that the purchaser of a chose in action at a sheriff's execution sale has the right of ownership over the chose. 904 So.2d at 1007. Therefore, under both statutory and case law, the bank became the owner of the plaintiffs' lawsuits (choses in action) when it purchased them at the sheriff's execution sale.