The power of the county court to appoint a receiver by way of equitable execution shall operate in relation to all legal estates and interests in land.

The said power may be exercised in relation to an estate or interest in land whether or not a charge has been imposed on that land under section 1 of the M1Charging Orders Act 1979 for the purpose of enforcing the judgment, decree, order or award in question, and the said power shall be in addition to and not in derogation of any power of any court to appoint a receiver in proceedings for enforcing such a charge.

Where an order under section 1 of the Charging Orders Act 1979 imposing a charge for the purpose of enforcing a judgment, decree, order or award has been registered under section 6 of the M2Land Charges Act 1972, subsection (4) of that section (which provides that, amongst other things, an order appointing a receiver and any proceedings pursuant to the order or in obedience to it, shall be void against a purchaser unless the order is for the time being registered under that section) shall not apply to an order appointing a receiver made either in proceedings for enforcing the charge or by way of equitable execution of the judgment, decree, order or award or, as the case may be, of so much of it as requires payment of moneys secured by the charge.

Subject to any order for the time being in force under subsection (4), this section applies to F1any deposit account, and any withdrawable share account, with a deposit-taker.

In determining whether, for the purposes of the jurisdiction of the county court to attach debts for the purpose of satisfying judgments or orders for the payment of money, a sum standing to the credit of a person in an account to which this section applies is a sum due or accruing to that person and, as such, attachable in accordance with F2rules of court, any condition mentioned in subsection (3) which applies to the account shall be disregarded.

An order under subsection (4) shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.

Where an F5interim third party debt order made in the exercise of the jurisdiction mentioned in subsection (2) of the preceding section is served on F6a deposit-taker, it may, subject to the provisions of this section, deduct from the relevant debt or debts an amount not exceeding the prescribed sum towards F6its administrative and clerical expenses of the institution in complying with the order; and the right F7. . . to make a deduction under this subsection shall be exercisable as from the time the F8interim third party debt order is served on it.

In subsection (1) “ the relevant debt or debts ”, in relation to an F9 interim third party debt order served on F10 a deposit-taker , means the amount, as at the time the order is served on F10 it , of the debt or debts of which the whole or a part is expressed to be attached by the order.

A deduction may be made under subsection (1) in a case where the amount referred to in subsection (1A) is insufficient to cover both the amount of the deduction and the amount of the judgment debt and costs in respect of which the attachment was made, notwithstanding that the benefit of the attachment to the creditor is reduced as a result of the deduction.

F11An amount may not in pursuance of subsection (1)be deducted or, as the case may be, retained in a case where by virtue of F12section F13346 of the M3Insolvency Act 1986or section 325 of the M4Companies Act 1948 or otherwise, the creditor is not entitled to retain the benefit of the attachment.

In this section “prescribed” means prescribed by an order made by the Lord Chancellor.

Any such order shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.