Execution Sale of Uncertificated Bearer Shares Requires Proof of Unbroken Chain of Assignment

In an execution proceeding where an individual's non-certificated bearer shares in a company were seized, the debtors (the debtor's spouse and son) filed third-party claims for ownership of the shares. The court upheld the creditor's objection action against the claims, reasoning that for non-certificated bearer shares, the claimant must prove their entitlement by demonstrating an unbroken chain of assignments (cessions) tracing back to the company's incorporation document, as the property right is vested in the right itself, not a physical document. Since the secondary claimant could not establish this required unbroken chain of assignments from the founding act for the 26 shares claimed, their claim failed, and the initial seizure was maintained.