Securities Services Act, 2004 (Act No. 36 of 2004)Chapter IV : Custody and Administration of SecuritiesGeneral provisions relating to custody and administration of securities48. Attachment |
| (1) | The attachment of an interest in securities deposited with a participant and held in a securities repository or central securities repository is only complete when— |
| (a) | notice of the attachment has been given in writing by the sheriff to the participant; |
| (b) | the sheriff has taken possession of any securities account as evidenced by a written acknowledgement issued by the participant or has certified that the sheriff has been unable, despite diligent search, to obtain possession of such written acknowledgement; and |
| (c) | the sheriff has made an entry of the attachment on such securities account or caused it to be made by such participant. |
| (2) | The sheriff may upon exhibiting the original of the warrant of execution to the participant enter upon the premises where such account is kept and make an inventory and valuation of the interest attached. |