Debtors (Ireland) Act, 1840

Order of court to be made, in the first instance, ex parte, and on notice to the Bank or company to operate as a distringas.

24. . . . Such order, if any government stock, funds, or annuities standing in the name of the judgment debtor in his own right, or in the name of any person in trust for him, is or are to be affected by such order, shall restrain the Bank of Ireland from permitting a transfer of such stock in the meantime and until such order shall be discharged, and if any stock or shares of or in any public company standing in the name of the judgment debtor in his own right, or in the name of any person in trust for him, is or are to be affected by any such order, shall in like manner restrain such public company from permitting a transfer thereof; and if, after notice of such order to the person or persons to be restrained thereby, or in case of corporations to any authorized agent of such corporation, and before the same order shall be discharged, such corporation or person or persons shall permit any such transfer to be made, then and in such ease the corporation or person or persons so permitting such transfer shall be liable to the judgment creditor for the value or amount of the property so charged and so transferred, or such part thereof as may be sufficient to satisfy his judgment; and no disposition of the judgment debtor in the meantime shall be valid or effectual as against the judgment creditor . . .

[S. 25 rep. 55 & 56 Vict. c. 19. (S.L.R.)]