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Stock and shares in public funds and public companies belonging to the debtor, and standing in his own name, to be charged by order of court.
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23. If any person against whom any judgment shall have been entered up in any of her Majesty’s superior courts at Dublin, shall have any government stock, funds, or annuities or any stock or shares of or in any public company in Ireland (whether incorporated or not), standing in his name in his own right, or in the name of any person in trust for him, it shall be lawful for the Court of Chancery . . . on the application of any judgment creditor, to order that such stock, funds, annuities, or shares, or such of them or such part thereof respectively as he shall think fit, shall stand charged with the payment of the amount for which judgment shall have been so recovered and interest thereon; and such order shall entitle the judgment creditor to all such remedies as he would have been entitled to if such charge had been made in his favour by the judgment debtor; and the provisions last aforesaid shall extend to the interest of any judgment debtor, whether in possession, remainder, or reversion, and whether vested or contingent, as well in any such stocks, funds, annuities, or shares as aforesaid, as also in the dividends, interest, or annual produce of any such stock, funds, annuities, 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, or shares as aforesaid which shall be standing in the name of the accountant general of the Court of Chancery, or in, to, or out of the dividends, interest or annual produce thereof, it shall be lawful for such court to make any order as to such stock, funds, annuities, 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 court as to any stock, funds, annuities, or shares, standing in the name of the accountant general of the Court of Chancery, or as to the interest, dividends, or annual produce thereof, shall prevent the Bank of Ireland, or any public company, from permitting any transfer of such stocks, funds, annuities, or shares, or payment of the interest, dividends, or annual produce thereof, in such manner as the Court of Chancery may direct, or shall have any greater effect than if such debtor had charged such stock, funds, annuities, 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: Provided also, that no proceedings shall be taken to have the benefit of such charge until after the expiration of six calendar months from the date of such order.
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