Pledge or seizure

Learn how to make change to the register register a pledge or a seizure. In this article you will find the following information:

1. Add a pledge or seizure on shares or certificates.

2. Change of pledgee.

3. Release a pledge or seizure on shares or certificates.

Add a pledge or seizure on shares or certificates

Use the transaction 'Pledge / seizure' to encumber shares or certificates with a pledge or seizure.

Below you can find additional information how to prepare the pledge or seizure:

• Add entity: make sure that the pledgee(s) is/are already added in your Corporify silo before you start the pledge or seizure transaction. 
• Supporting notes: if the pledgee(s) request that specific text appears in the PDF export of the register, you have the option to include this text during the process of adding the pledge or seizure.

• Supporting documents: if you would like to add additional information, such as relevant documents.

 Below you can find a step by step guide on how to add a pledge or seizure.

For detailed instructions, click 'Start tutorial' below.

Step-by-step: 

1. Open the relevant entity and navigate to the 'ownership' section.

2. Click on 'New transaction' and select the option 'Pledge/seizure'.

3. Select the relevant shareholder.

4. Add the encumbrance and complete the information regarding the pledge and pledgee.

5. Optionally, add a transaction note.
6. Click on 'Save and execute' and enter the correct effective date.

Change of pledgee

Learn how to change the pledgee for an existing pledge on shares using the 'Pledge/seizure' transaction, while preserving a correct history and audit trail. 

Below you can find a step by step guide on how to change the pledgee.

For detailed instructions, click 'Start tutorial' below.

Step-by-step: 

1. Open the relevant entity and navigate to the 'ownership' section.

2. Click on 'New transaction' and select the option 'Pledge/seizure'.

3. Select the relevant shareholder.

4. Delete the current pledgee.

5. In the same transaction, add a new pledgee.

6. Optionally, add a transaction note.

7. Click on 'Save and execute' and enter the correct effective date.

Release a pledge or seizure on shares or certificates

When the pledge or seizure is to be released, you can process this in the register.

Below you can find a step by step guide on how to release a pledge or seizure.

For detailed instructions, click 'Start tutorial' below.

Step-by-step: 

1. Open the relevant entity and navigate to the 'ownership' section.

2. Click on 'New transaction' and select the option 'Pledge/seizure'.

3. Select the relevant shareholder.

4. Delete the pledge or seizure by clicking on the garbage bin button.

5. Click on 'Save and execute' and enter the correct effective date.