Cap. 12 Art. 849Precautionary garnishee order.

The effects of a precautionary garnishee order are the same as those of an executive garnishee order, and the provisions of articles 375 to 383 inclusive, and articles 842, 843, 844, 846 and

848, shall apply to such order:

Provided that where the garnishee is a bank, a precautionary garnishee order shall not apply to money payable by the bank in execution of any guarantee given by the bank that it will effect payment on the demand of the person in whose favour the banker’s guarantee is made out; and in any such case, notwithstanding the garnishee order, the bank shall have power to pay out or otherwise dispose of any such money as free from any garnishee order and shall also be entitled to withdraw any such money from any court or other place, or from any person, into which, or with whom, it may have been lodged or deposited, and it shall be the duty of the Registrar of such court or other person in possession or having control over such money to return it forthwith to the bank.

850. Repealed by XXXI.2002.179.