Full legislation
s.21
Attachment of debts
(1)
A sum standing to the credit of a person in a deposit account in an authorized
financial institution shall, for the purposes of the jurisdiction of the Court of
First Instance to attach debts for the purpose of satisfying judgments or orders for
the payment of money, be deemed to be a sum due or accruing to that person and,
subject to rules of court, shall be attachable accordingly, notwithstanding that any
of the following conditions applicable to the account, that is to
say—
(Amended
52 of 1987 s. 15
;
25 of 1998 s. 2
)
(a)
any condition that notice is required before any money is
withdrawn;
(b)
any condition that a personal application must be made before any money is
withdrawn;
(c)
any condition that a deposit book must be produced before any money is
withdrawn;
(d)
any condition that a receipt for money deposited must be produced before
any money is withdrawn; or
(e)
any other condition prescribed by rules of court,
has not been satisfied.
(2)
In this section
authorized
financial
institution
(
認可金融機構
) means an authorized institution
within the meaning of
section 2
of the Banking Ordinance (
Cap. 155
).
(Added
52 of 1987 s. 15
. Amended
49 of 1995 s. 53
)
[cf. 1956 c. 46 s. 38 U.K.]