Section 15: Orders in respect of immovable property subject to a preservation order.

1 The Court making a preservation order may direct the appropriate land registration authority to place a restriction on the land register, in respect of the immovable property.

2 An order of restriction made under subsection (1) may specify that the immovable property shall not, without the consent of the Court —
a be mortgaged or otherwise encumbered;
b be attached or sold in execution;
c vest in the official receiver concerned, when the estate of the owner of that immovable property is sequestrated; and
d form part of the assets of any company or body corporate, where the owner of the immovable property is a company or other body corporate, which is being wound up.

3 Subject to subsection (1), the registration authority shall—
a enter the restriction in its register and endorse the office copy of the title deed to that effect; and
b endorse on the original of the title deed, when it is produced.

4 The restriction referred to in subsection (3) (a) shall—
a be effective against any person, in whose favour a mortgage or other charge was registered, prior to the endorsement of the restriction on the title deed of the immovable property; and
b lapse on the lawful transfer of ownership of the immovable property concerned.

5 A person affected by an order specified in subsection (1) may, at any time, upon showing good cause, apply for the rescission of the order.