[F1Effect of stop noticeE+W
73.18—(1) A stop notice—
(a)takes effect when it is served in accordance with rule 73.17(4); and
(b)remains in force unless it is withdrawn or discharged in accordance with rule 73.20 or 73.21.
(2) While a stop notice is in force, the person on whom it is served—
(a)must not—
(i)register a transfer of the securities described in the notice; or
(ii)take any other step restrained by the notice,
without first giving 14 days' notice to the person who obtained the stop notice; but
(b)must not, by reason only of the notice, refuse to register a transfer or to take any other step, after he has given 14 days' notice under paragraph (2)(a) and that period has expired.]
Textual Amendments
F1Pt. 73 inserted (25.3.2002) by The Civil Procedure (Amendment No. 4) Rules 2001 (S.I. 2001/2792), rule 1(c), Sch. 4 (with savings in rule 24 and S.I. 2001/4015, rule 43(2))