49.1 Scope of this Part
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(1) This Part enables a person by obtaining a —
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(a) stop notice — to be notified of proposed dealings relating to stock;
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(b) stop order — to prevent certain specified steps being taken with regard to stock or funds in court.
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(2) In this Part —
“proper officer” means the officer of the court who is responsible for the custody of funds in court;
“stop notice” means a notice requiring any person or body on whom it is served to refrain from taking, in respect of any of the stock specified in the notice, any of the specified steps without first notifying the person by whom, or on whose behalf, the notice was served;
“stop order” means an order of the court prohibiting the taking, in respect of any of the stock or funds in court specified in the order, any of the specified steps; and
“the specified steps” means —
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(a) in the case of stock or funds in court – the transfer, sale or other dealing with the stock or funds or the payment out of the income thereof;
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(b) the making of any payment by way of dividend, interest or otherwise in respect of the stock; and
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(c) the registration of any transfer of the stock.