What does vehicle preservation mean?

[DelSilas]

Vehicle preservation refers to vehicles that are prohibited by the court from handling registration, modification, transfer, mortgage release, cancellation, or pledge release due to reasons such as economic debt disputes. Vehicle seizure: When suspecting that the party at fault for an accident lacks the ability to compensate, one can apply to the court for vehicle property preservation. Generally, this is a 'live seizure,' which means locking the vehicle's information, making the vehicle untransferable under such circumstances. There is also a 'dead seizure,' where the court not only locks the vehicle's information but also impounds the vehicle. After the judgment is concluded, if the party at fault is unable to compensate, one can apply to sell the preserved vehicle. Relevant legal knowledge about vehicle preservation: According to Order No. 124 of the Ministry of Public Security, it clearly stipulates the operations prohibited during the court's seizure period, namely, registration, modification, transfer, mortgage release, cancellation, or pledge release are prohibited during the seizure period; however, annual inspections, temporary license plates, and replacement of license certificates are not prohibited.