275. Incumbrancer can protect interest in shares with a stop notice.

275.     Incumbrancer can protect interest in shares with a stop notice.

An incumbrancer with an equitable interest in shares can protect his interests by obtaining a stop notice from the High Court1. When served on the company this does not give him any priority in respect of his incumbrance, but it prevents the registration of a transfer of the shares without notice to the incumbrancer2 and until he has had time to obtain a charging order3 or a stop order4.