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PART VN.I.ENFORCEMENT ORDERS

Enforcement against Government funds, stocks, etc.N.I.

Vesting order leading to disposal of certain funds, stock, etc.N.I.

60.—(1) Where after the expiration of three months from the making of an order under Article 58 charging any funds, stock or shares the amount recoverable on foot of the judgment has not been paid, the Office may make an order vesting in the Chief Enforcement Officer all or any part of the funds, stock or shares.

(2) Upon the making of a vesting order under this Article the Chief Enforcement Officer shall—

(a)forthwith serve a copy of the order on the registrar, authority, undertaking or company (as the case may require), who shall give effect to the order; and

(b)proceed to dispose of the funds, stock or shares in accordance with rules.