Failure to give bond.

If such bond is not given, the officer may refuse to levy, or if the officer has done so, and the bond is not given in a reasonable time after it is required by the officer, the officer may restore the property to the person from whose possession it was taken, and the levy shall stand discharged. [R60, §3278; C73, §3057; C97, §3993; C24, 27, 31, 35, 39, § 11703; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §626.55 ]