The Civil Procedure Rules 1998 No. 3132 (L. 17)

[F1 PART 69 E+W COURT'S POWER TO APPOINT A RECEIVER

Textual Amendments

F1 Pt. 69 inserted (2.12.2002) by The Civil Procedure (Amendment) Rules 2002 (S.I. 2002/2058), rule 1(b), Sch. 7

Security E+W

69.5— (1) The court may direct that before a receiver begins to act or within a specified time he must either—

(a) give such security as the court may determine; or

(b) file and serve on all parties to the proceedings evidence that he already has in force sufficient security,

to cover his liability for his acts and omissions as a receiver.

(2) The court may terminate the appointment of the receiver if he fails to—

(a) give the security; or

(b) satisfy the court as to the security he has in force,

by the date specified.]