---
title: "Seizure of Securities"
url: "https://legal.ge/en/service/enforcement-services-en/seizure-of-securities-en-3017"
field: "Enforcement Services"
description: "Find corporate enforcement lawyers in Georgia to seize stocks, bonds, and promissory notes. Ensure effective realization of securities on Legal.ge."
reviewed: "2026-04-03"
updated: "2026-10-14"
publisher: "legal.ge"
---

# Seizure of Securities

> Source: legal.ge, https://legal.ge/en/service/enforcement-services-en/seizure-of-securities-en-3017

## Introduction: The Importance of Securities in the Enforcement Process

The seizure of securities (shares, bonds, promissory notes) is one of the most specific and intellectual areas of modern enforcement law. When a debtor—an individual or a corporation—owns securities, it means they possess serious financial assets that may far exceed the balances in their bank accounts or even the value of their real estate. Securities are intangible property rights that cannot be physically held in most cases (as they are registered in electronic format), yet they carry immense financial weight. Placing a seizure on these assets implies restricting the debtor's right to dispose of (alienate, pledge) these papers and blocking the income (e.g., dividends) derived from them. This stage of enforcement is critically important in large business disputes and the forced execution of corporate obligations.

The legal service for seizing and subsequently enforcing against securities covers a complex procedural cycle that requires a deep understanding of financial and corporate law. The service begins with tracing the securities belonging to the debtor, which is carried out by sending official requests to registration bodies (for example, independent securities registrars, brokerage companies, or the National Bank). The lawyer ensures the issuance of a seizure act by the enforcer and its immediate reflection in the relevant registry. The service also includes collecting dividends or interest from the seized shares or bonds in favor of the creditor. Additionally, the service involves organizing the appraisal of the securities and putting them up for realization at a specialized electronic auction, so that the recovered funds cover the debt.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/enforcement-services-en/seizure-of-securities-en-3017

### Can the debtor still vote with seized shares?

Yes. Until the shares are officially sold at auction to a new owner, the debtor retains their voting rights at shareholder meetings, but they cannot sell the shares or collect dividends.

### How are shares of a private (closed) company sold?

Shares of a private joint-stock company are sold through the National Bureau of Enforcement's standard electronic auction system, starting at a price determined by an independent auditor's valuation.

### What happens if a promissory note is seized?

If a promissory note held by the debtor is seized, the enforcer notifies the issuer of the note (the person who owes money to the debtor). The issuer must then legally pay that money directly to the enforcement bureau instead.