# Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions, Article 24: Lex rei sitae

Extent: E+W+S+N.I.

The enforcement of proprietary rights in instruments or other rights in such instruments the existence or transfer of which presupposes their recording in a register, an account or a centralised deposit system held or located in a Member State shall be governed by the law of the Member State where the register, account, or centralised deposit system in which those rights are recorded is held or located.

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Source: https://www.legislation.gov.uk/eudr/2001/24/article/24 (the official version)
Page: https://openlegislation.uk/eu-directive-2001-24/article-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.