Section 307 — Seizing shares
Statutory text (Thai original)
การยึดหุ้นของลูกหนี้ตามคำพิพากษาซึ่งเป็นหุ้นส่วนจำพวกจำกัดความรับผิดในห้างหุ้นส่วนจำกัด หรือผู้ถือหุ้นในบริษัทจำกัด ให้เจ้าพนักงานบังคับคดีกระทำโดย
(๑) แจ้งการยึดให้ลูกหนี้ตามคำพิพากษาและห้างหุ้นส่วนจำกัดหรือบริษัทจำกัดที่ลูกหนี้ตามคำพิพากษาเป็นหุ้นส่วนหรือผู้ถือหุ้นอยู่ทราบ ถ้าไม่สามารถกระทำได้ ให้ดำเนินการตามวิธีการที่บัญญัติไว้ในมาตรา ๓๐๕ วรรคสอง
(๒) แจ้งให้นายทะเบียนหุ้นส่วนบริษัทนั้นบันทึกการยึดไว้ในทะเบียน
English translation
The seizure of shares of the judgment debtor, being those of a limited-liability partner in a limited partnership or of a shareholder in a limited company, shall be carried out by the executing officer by:
(1) giving notice of the seizure to the judgment debtor and to the limited partnership or limited company in which the judgment debtor is a partner or shareholder; if this cannot be done, proceeding in accordance with the method provided in Section 305, paragraph two;
(2) giving notice to the registrar of partnerships and companies to record the seizure in the register.
This English translation is provided for reference only and has not yet been firm-verified — always rely on the Thai original.
Firm annotation
This section, in Part 3, sets a specific method for seizing equity interests: shares of a limited-liability partner in a limited partnership and shares of a shareholder in a limited company. Notice goes to the debtor and to the entity itself, with a fallback to the Section 305 posting method if direct notice fails, and a register entry made through the partnerships-and-companies registrar. Older Supreme Court decisions citing Section 307 usually concern the pre-2017 numbering, when this number governed appointment of a manager of income-producing property in lieu of sale, so read them against the current text.
Why this matters in practice
Shareholdings and partnership interests are reachable assets, and a valid seizure requires both notice to the company or partnership and a register entry. For creditors, the register entry blocks a quiet transfer of the shares; for company officers, confirm the seizure before recording any share transfer. Company records should be checked to identify the debtor's true holdings.
Frequently asked questions
Can a shareholder's shares be seized to pay a judgment?
Yes. Under Section 307, the executing officer seizes shares of a limited-liability partner or a company shareholder by notifying the debtor and the partnership or company, and having the registrar record the seizure in the register.
What if the company cannot be directly notified of the seizure?
If direct notice cannot be given, Section 307 allows the executing officer to proceed by the posting method in Section 305, paragraph two, and to notify the registrar to record the seizure.