[F1CHAPTER 3E+WSTOP ORDERS
Textual Amendments
F1Pt. 40 inserted (6.4.2016) by The Family Procedure (Amendment) Rules 2016 (S.I. 2016/355), rules 1(2), 8(b), Sch. 2 (with rule 9)
InterpretationE+W
40.10. In this Chapter, “stop order” means an order of the High Court not to take, in relation to securities specified in the order, any of the steps listed in section 5(5) of the 1979 Act.
Application for a stop orderE+W
40.11.—(1) The High Court may make a stop order relating to securities, on the application of any person claiming to be beneficially entitled to an interest in the securities.
(2) An application for a stop order must be made—
(a)by application in existing proceedings; or
(b)by a Part 19 application if there are no existing proceedings in the High Court.
(3) The application must be served on—
(a)every person whose interest may be affected by the order applied for; and
(b)the person specified in rule 40.6(3)(f).
Stop order relating to securitiesE+W
40.12.—(1) A stop order relating to securities may prohibit all or any of the following steps—
(a)the registration of any transfer of the securities;
(b)the making of any payment by way of dividend, interest or otherwise in respect of the securities; and
(c)in the case of units of a unit trust, any acquisition of, or other dealing with, the units by any person or body exercising functions under the trust.
(2) The order must specify—
(a)the securities to which it relates;
(b)the name in which the securities stand;
(c)the steps which may not be taken; and
(d)whether the prohibition applies to the securities only or to the dividends or interest as well.
Variation or discharge of orderE+W
40.13.—(1) The court may, on the application of any person claiming to have a beneficial interest in the securities to which a stop order relates, make an order discharging or varying the order.
(2) An application seeking the variation or discharge of a stop order must be served on the person who obtained the order.]