Financial Restructuring and Bankruptcy Law

Article 234 — Article (234) Recovery of Negotiable Instruments and Securities

Part Four: Common Provisions · Chapter One: Effects of Decision to Initiate the Proceedings

1. Negotiable instruments and other instruments of value handed over to the debtor may be recovered to collect their value or to allocate them for a specific payment, if they are found in kind in the debtor's assets and their value had not been paid when the decision to initiate the proceedings was issued. 2. Recovery is not permissible if the instruments described in Clause (1) of this Article are found in a current account between the person requesting recovery and the debtor. 3. The securities kept with the debtor shall be recovered as a registered owner in accordance with the rules of the relevant regulatory authority.

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