Rule 96 Security

This rule applies where a receiver is appointed under section 198 [^f1...] and the receiver is not a member of staff of [...] the Department of the Director of Public Prosecutions (Northern Ireland) or the Commissioners of Her Majesty's Customs and Excise.

An order for the appointment of a receiver may include such direction as the Court sees fit as to the giving of security by the person appointed.

Where by virtue of an order appointing a receiver a person is required to give security in accordance with this rule, he must give security approved by the Court duly to account for what he receives as receiver and to deal with it as the Court directs.

Unless the Court otherwise directs, the security shall be by way of guarantee which must be lodged with the chief clerk who shall retain it until it is duly vacated.