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SUPREME COURT CIVIL PROCEDURE ACT 1932 - SECT 168 Provisions of sections 166 and 167 to extend to contingent interest in stock and shares and the dividends thereof, and to stock, &c., in Court

SUPREME COURT CIVIL PROCEDURE ACT 1932 - SECT 168

Provisions of sections 166 and 167 to extend to contingent interest in stock and shares and the dividends thereof, and to stock, &c., in Court

The provisions contained in sections 166 and 167 shall be deemed and taken to extend to the interest of any judgment debtor, whether in possession, remainder, or reversion, and whether vested or contingent as well in any such stock, funds, annuities, securities, or shares as aforesaid, as also in the dividends, interest, or annual produce of any such stock, funds, annuities, securities, or shares; and whenever any such judgment debtor shall have any estate, right, title, or interest vested or contingent in possession, remainder, or reversion in, to, or out of any such stock, funds, annuities, securities, or shares as aforesaid which now are, or shall hereafter be, standing in the name of any officer of the Court, or in, to, or out of the dividends, interest, or annual produce thereof, it shall be lawful for a judge to make any order as to such stock, funds, annuities, securities, or shares, or the interest dividends, or annual produce thereof, in the same way as if the same had been standing in the name of a trustee of such judgment debtor: Provided always that no order of any judge as to any stock, funds, annuities, securities, or shares standing in the name of any such officer as aforesaid, or as to the interest, dividends, or annual produce thereof, shall prevent any banker or public company from permitting any transfer of such stock, funds, annuities, securities, or shares, or payment of the interest, dividends, or annual produce thereof, in such manner as the Court or a judge may direct, or shall have any greater effect than if such debtor had charged such stock, funds, annuities, securities, or shares, or the interest, dividends, or annual produce thereof, in favour of the judgment creditor with the amount of the sum to be mentioned in any such order.