--(1) The general rule is that a person may not be appointed receiver until he has given security.
--(2) The court may, however, dispense with security.
--(3) The order appointing the receiver must state the amount of the security.
--(4) The security must be by guarantee unless the court makes some other order.
--(5) The guarantee or other security must be filed at the court.
Notes
Amended by Legal Notice 233 of 2005.
Back to Part (52. Appointment of Receiver)