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Civil procedural law. Restoration of rights under lost bearer documents (calling proceedings) (the most important)

Lecture notes, cheat sheets

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59. RESTORATION OF RIGHTS ON LOST BEARER DOCUMENTS (CALL PROCEEDINGS)

Restoration of rights on lost bearer documents is carried out by means of a court decision.

Documents on which the rights can be restored by the court:

1) bank savings books to bearer;

2) safe certificates of acceptance for storage of bonds of state loans;

3) order securities.

Loss of a document - not only the complete absence of the document, but also the loss of signs of payment due to its improper storage or for other reasons.

In the event of the loss of a document, a person who has lost a bearer document or an order valuable document may apply to the court at the location of the institution that issued the document with an application to recognize the lost document as invalid and to restore rights under it.

In an application for invalidating a lost bearer or order security and for restoring rights thereon, the signs of the lost document, the name of the person who issued it, as well as the circumstances under which the document was lost, the applicant's request to prohibit the person who issued the document from making payments or issuing on it.

The judge who accepted the application shall issue ruling on prohibition to the person who issued the document to make payments or issuance on it, as well as to publish it in a local newspaper at the expense of the applicant. These actions are performed in order to offer the holder of the document, the loss of which is declared, before the expiration of the 3-month period, to file a claim with the court about their rights to this document. If an application is received from the holder of the document, the court leaves the application filed by the person who lost the document without consideration. In addition, in this case, the court establishes a period during which the person who issued the document is prohibited from making payments and issuance under the document.

The applicant has the right to file a claim against the holder of the document for the recovery of the document, and the holder of the document has the right to recover from the applicant the losses caused by prohibitive measures. Such consequences occur on the condition that the holder of the document has filed an application with the court about his rights to the document, substantiated the request contained in the application, and submitted the original document to the court.

If, after a three-month period from the date of publication, no application is received from the holder of the document, the court satisfies the request of the applicant who has lost the document and makes a decision to recognize the lost document as invalid. This decision is the basis for issuing a new document to the applicant to replace the invalid one.

For some reason, the holder of the document may not declare in a timely manner his rights to a bearer document in respect of which a court decision has been made to declare it invalid. In this case, after the entry into force of the decision, the holder of the document may bring a claim for unjustified acquisition or saving of property against the person who is recognized as having the right to receive a new document to replace the lost one.

Author: Gatin A.M.

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