Article 242nd of the Civil Procedure Law: If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other properties of the person subjected to execution. From the relevant units.
The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform.
When the people's court decides to seal up, freeze, transfer or change the price of property, it shall make a ruling and issue a notice of assistance in execution, which the relevant units must handle.
Extended data
Provisions of the Supreme People's Court on the Seal-up, Seizure and Freezing of Property in Civil Execution by People's Courts.
Article 6? The people's court may seal up the residence necessary for the life of the person subjected to execution and his dependents, but may not auction, sell off or pay off debts.
Article 7? The people's court may, according to the application of the person subjected to execution, execute the houses and daily necessities that are more than necessary for the life of the person subjected to execution and his dependents after ensuring the minimum living standard of the person subjected to execution and his dependents.
Article 8? If a chattel is sealed up or detained, the people's court may directly control the property. If the people's court places the sealed-up or seized movable property under the control of another person, it shall affix a seal on the movable property or take other appropriate means sufficient to publicize the sealed-up or seized property.
Article 9? If the real estate is sealed up, the people's court shall post a seal or make an announcement, and may extract and preserve the relevant real estate title certificate.
Where registered immovable property, specific movable property and other property rights are sealed up, detained or frozen, the relevant registration authority shall be notified to go through the registration formalities. Those who have not gone through the registration formalities shall not object to other sealing-up, seizure and freezing acts that have gone through the registration formalities.
Provisions of gaoqing county People's Court-the Supreme People's Court on the seizure, seizure and freezing of property in civil execution by people's courts