Before selling personal property under an execution, the sheriff, at least ten days before the sale, shall post three notices in public places in the township in which the sale is to be held. The notices shall describe the property to be sold, shall state the time and place of sale, and shall state the methods of payment approved by the judgment creditor.

If the court finds that the personal property is likely to perish or is likely to depreciate in value to a considerable extent, the period of notice may be shortened or eliminated.