Article 340Répartition entre plusieurs créanciers

English translation

Where several judgment creditors have applied for execution against the property of the judgment debtor, or in a case under Section 324, then, when the execution officer has sold the property by public auction or disposed of it by another method, the officer shall proceed as follows:
(1) deduct the fees of execution; but if the property is jointly owned, the execution officer shall first set aside, from the money obtained from the sale or disposal of that property, the shares of the co-owners other than the share of the judgment debtor, and shall then deduct the fees of execution only from the money in the share of the judgment debtor;
(2) prepare a distribution account showing the amount to be paid to each judgment creditor or holder of a right over that property, out of the net sum sufficient to pay them according to the rights of such persons under the provisions of the Civil and Commercial Code, this Code or any other law, showing in that account also the amount set aside for the co-owners;
(3) send a notice to the judgment debtor, the co-owners and the persons under (2), requesting them to examine that distribution account and to file a statement of objection within fifteen days from the day of service of the notice.
If no statement of objection is filed within the time under (3), the distribution account shall be regarded as final, and the execution officer shall pay the money to the persons according to that distribution account.

⚠︎ This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.