Section 64: Freezing powers.

(1) Where the Corporation has reasonable cause to believe that an obligor of a failed insured institution has funds in any account with any insured institution, it may apply to the Court by motion ex parte, before or at the time of filing of an action for debt recovery or other like action or at any time after the filing of an action, and before or after the originating process by which such action is commenced is served on the obligor, for an interlocutory order freezing the account of the obligor.
(2) Notwithstanding anything to the contrary in any enactment, an order made under subsection (1) shall subsist till judgment or a final determination of the action, unless expressly discharged by the court.