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What if I receive a court property report order?
Legal basis:
Provisions of People's Republic of China (PRC) and the Supreme People's Court on Several Issues Concerning the Handling of Property Preservation Cases by People's Courts.
Article 1 When applying for property preservation, the parties and interested parties shall apply to the people's court and provide relevant evidential materials. The application shall specify the following items: (1) the identity, service address and contact information of the applicant and the protected person; (two) the request and the facts and reasons on which it is based; (3) the amount of preservation requested or the subject matter of the dispute; (4) Clear information about the property to be preserved or specific clues about the property to be preserved; (5) Property information or credit certificate that provides guarantee for property preservation, or reasons why it is not necessary to provide guarantee; (six) other matters that need to be stipulated. Where a creditor applies for property preservation after the legal document comes into effect and before entering the execution procedure, it shall specify the production organ, document number and main contents of the effective legal document, and attach a copy of the effective legal document.
Article 2 Property preservation by the people's court shall be ruled by the filing and judicial organ, and shall generally be transferred to the executing organ for execution.
Article 3 In the process of arbitration, if a party applies for property preservation, it shall submit an application, a notice of acceptance of an arbitration case and other relevant materials to the people's court through an arbitration institution. If the people's court decides to take preservation measures or reject the application, it shall serve the ruling on the parties and notify the arbitration institution.
Article 4 After accepting the application for property preservation, the people's court shall make a ruling within five days. If it is necessary to provide a guarantee, it shall make a ruling within five days after providing the guarantee; Where protective measures are ordered, they shall be implemented within five days. In case of emergency, a ruling must be made within 48 hours; Those ordered to take protective measures shall be executed immediately.
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