The Civil Procedure Rules 1998

[F1SecurityE+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.]

Textual Amendments