(1) Subject to subsection (2), a writ of execution against goods binds the property in the goods of the execution debtor as from the time when the writ is delivered to the sheriff to be executed.
(2) It is the duty of the sheriff, without fee, on the receipt of the writ, to endorse on the back of the writ the hour, day, month and year when the sheriff receives it.
(3) A writ
of execution against goods does not prejudice the title to the goods acquired
by a person honestly and for valuable consideration unless that person had, at
the time when the person acquired the person's title, notice that the writ, or
any other writ under which the goods of the execution debtor might be seized
or attached, had been delivered to and remained unexecuted in the hands of the