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Changes over time for: Section 40.7


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/10/2020.
Changes to legislation:
There are currently no known outstanding effects for the The Family Procedure Rules 2010, Section 40.7.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
[Effect of interim charging order in relation to securitiesE+W
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adran has no associated
Memorandwm Esboniadol
40.7.—(1) If a debtor disposes of their interest in any securities while they are subject to an interim charging order which has been served on them, that disposition will not, so long as that order remains in force, be valid as against the creditor.
(2) A person served under rule 40.6(3)(f) with an interim charging order relating to securities must not, unless the court gives permission—
(a)permit any transfer of any of the securities; or
(b)pay any dividend, interest or redemption payment relating to them.
(3) If a person acts in breach of paragraph (2), that person will be liable to pay to the creditor—
(a)the value of the securities transferred or the amount of the payment made (as the case may be); or
(b)if less, the amount necessary to satisfy the debt in relation to which the interim charging order was made.]
Yn ôl i’r brig