After the equity is seized, the pledge can be processed. If the property that has been mortgaged is subject to property preservation or enforcement measures such as sealing or detaining, the validity of the mortgage right will not be affected, and the mortgage release procedures can be handled at the department where the pledge procedures were originally taken. After the mortgage release procedures are completed, the creditor has no right to exercise priority for repayment on the mortgaged property.
Legal Basis
Article 440 of the "People's Republic of China and Civil Code"
The following rights that the debtor or a third party has the right to dispose of Can be pledged:
(1) Money order, cashier's check, check;
(2) Bond, deposit receipt;
(3) Warehouse receipt, bill of lading ;
(4) Transferable fund shares and equity;
(5) Transferable property rights in intellectual property rights such as exclusive rights to registered trademarks, patent rights, copyrights, etc.;
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(6) Existing and future accounts receivable;
(7) Other property rights that can be pledged according to laws and administrative regulations.