Stop Order - Definition - Law Dictionary Home Dictionary Definition stop-order

Definition :

Stop Order. If any person entitled, in expectancy or otherwise, to any share of any stocks or funds, standing in the name of the Paymaster-General (formerly the Accountant-General of the Court of Chancery: see (English) Chancery Funds Act, 1872) to the general credit of any cause, or to the account of any class or classes of persons, assign his interest in such stock or funds, the assignee (although not a party to the cause in which the fund is standing) may apply by summons for a stop order to prevent the transfer or payment of such tock or funds, or any part thereof, without notice to him. And a person having a lien on a fund in Court may obtain a stop order. See (English) R.S.C. 1883, Ord. XLVI.; and consult Dan. Ch. Pr.; Seton on Judgments.