Legal basis: Several Provisions of the Supreme People's Court on the People's Court's Seal-up, Seizure and Freeze of Civil Execution Property.
Article 27 If the time limit for sealing up, distraining and freezing expires and the people's court fails to go through the extension formalities, the effectiveness of sealing up, distraining and freezing shall be extinguished.
If the seized, detained or frozen property has been auctioned, sold or paid off, the effectiveness of the seizure, detention and freezing shall be extinguished.
Article 28 Under any of the following circumstances, the people's court shall make a ruling to lift the seizure, seizure and freezing, and serve it on the applicant, the person subjected to execution or an outsider:
(a) sealing up, distraining and freezing the property of the outsider;
(2) The application executor withdraws the application for execution or waives the creditor's rights;
(3) The sealed-up, seized or frozen property cannot be auctioned or sold, and the application executor and other enforcement creditors do not agree to accept the repayment of debts, and other enforcement measures cannot be taken for the property;
(4) The debt has been paid off;
(five) the person subjected to execution provides a guarantee and applies for the consent of the person subjected to execution to lift the seal-up, seizure or freezing;
(6) Other circumstances in which the people's court considers that the seizure, seizure and freezing should be lifted.
Where the seal-up, seizure or freezing implemented by cancellation of registration is carried out, a notice of assistance in execution shall be issued to the registration authority.