# The Civil Procedure Rules 1998, Rule 73.18: Effect of stop notice


(1) A stop notice—
(a) takes effect when it is served in accordance with rule 73.17(4); and
(b) remains in force unless it is withdrawn or discharged in accordance with rule 73.20 or 73.21.
(2) While a stop notice is in force, the person on whom it is served—
(a) must not—
(i) register a transfer of the securities described in the notice; or
(ii) take any other step restrained by the notice,
without first giving 14 days' notice to the person who obtained the stop notice; but
(b) must not, by reason only of the notice, refuse to register a transfer or to take any other step, after he has given 14 days' notice under paragraph (2)(a) and that period has expired.

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Source: https://www.legislation.gov.uk/uksi/1998/3132/rule/73.18 (the official version)
Page: https://openlegislation.uk/civil-procedure-rules-1998/rule-73.18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.