The pledge of joint stock company's share

Since the capital of the joint-stock company is divided into shares; shares can be used as an economic tool. Joint-stock company shrare is a significant instrument for giving an assurance. The pledge on the joint-stock company share is a kind of chattel mortgage. The pledge of joint stock company's share is related to pledge law and company law. For this reason, both pledge law and company law provisions apply to the pledge. While determining establishment of the pledge, provisions to be applied to the pledge and scope of the pledge; differences of doctrinal opinion in both fields should be evaluated. Certain situations arising from corporate law affect the share and thus concern the interest of the pledge creditor. In this case, the pledge of new structure may vary. The situations arising from corporate law are also important in terms of the termination of pledge. The pledge of the joint stock company terminates due to the reasons arising from the pledge law.