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Supreme Court Rules 2000
448Security by and allowance to receivers
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### 448 Security by and allowance to receivers
> > (1) Unless otherwise ordered, on the making of an order that a receiver be appointed, the person so appointed –
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> > > > (a) before acting, is to give security to account and to pay the security as the Court or judge directs; and
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> > > > (b) is entitled to a proper salary or allowance.
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> > (2) Subject to [rule 449](#GS449@EN) and any order, the security is to be –
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> > > > (a) in a form authorised by [Division 2](#HP34@HD2@EN) of [Part 34](#HP34@EN) ; or
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> > > > (b) by recognisance, in accordance with the prescribed form; or
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> > > > (c) by bond, in accordance with the prescribed form.