1. Payment by the Garnishee shall be made by depositing the assets held by them with the Court's Treasury. If the subject matter of the garnishment is movable assets that cannot be deposited with the Court's Treasury they may be delivered to a custodian appointed by the body that issued the garnishment order, upon application made to it by the Garnishee or the Judgment Debtor. 2. The deposit shall be accompanied by a statement signed by the Garnishee, of the garnished items in their hands, the dates on which such garnishments were served on them, the names of the Garnishors and the Judgment Debtors, their descriptions and addresses, the writs under which the garnishments were made, and the amounts in lieu of which such garnishments have been imposed. 3. The body that ordered the garnishment shall notify the Garnishor and the Judgment Debtor forthwith of the fact of the deposit or the placing of the movable assets in the hands of a custodian. 4. The fact of the deposit or the placing of the movable assets under custodianship shall render unnecessary the making of a report on the assets held if the amount or the movable property is sufficient to satisfy the debt owed to the Garnishor. 5. If a new garnishment is imposed on the amount deposited or the movable property placed under custodianship whereby either of them becomes insufficient, any Garnishor may require the Garnishee to report on assets held by them within (7) seven days from the date of such requirement.
Interpretation and application must be checked against the official text and current version.