936Stop notice on corporation

936 Stop notice on corporation

(1)  A person claiming a beneficial interest in any stock of a corporation, other than stock in Court, may –

(a) file in a registry –

(i) an affidavit in accordance with the prescribed form; and

(ii) a notice in accordance with the prescribed form; and

(b) serve an office copy of the affidavit and a sealed copy of the notice on the corporation.

(2)  A claimant may amend the description of the stock referred to in a notice under subrule (1) by filing an amended notice and serving a sealed copy of it on the corporation.

(3)  If a claimant serves an amended notice, service of the notice is taken to have been effected on the day of service of the amended notice.

(4)  An affidavit under subrule (1) is to be endorsed with a note stating –

(a) the claimant's particulars; and

(b) an address to which any notice for the claimant is to be sent.

(5)  The claimant may alter the address specified under subrule (4) by notice to the corporation.

(6)  A notice to a claimant may be served by post addressed to the claimant at the address for service last specified by the claimant under subrule (4) or (5) .

(7)  Service of a notice and affidavit in accordance with subrule (1) prevents any dealing with the relevant stock until the notice is withdrawn or discharged in accordance with this rule.

(8)  A notice under subrule (1) may be –

(a) withdrawn by the claimant filing and serving on the corporation a notice of withdrawal; or

(b) discharged by the Court or a judge on the application of a person claiming to be interested in the relevant stock which has been served on the claimant.