Interpretation of 62 Articles about Guarantee System in Civil Code

The legal provisions of the guarantee period are as follows: the guarantee period is determined by the guarantor and the creditor through consultation. If there is no agreement or unclear agreement between the guarantor and the creditor, the guarantee period shall be six months from the expiration of the performance period of the principal debt.

Legal objectivity:

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.