12. Amendment of section 756 of the principal enactment

Section 756 of the principal enactment is hereby amended by the repeal of subsection (1) of that section and the substitution therefor of the following subsection :—

“(1) The security which is required to be deposited by a party appellant shall be made by way of deposit of a sum of money or hypothecation of immovable property, to cover the costs of appeal and to no greater amount :

Civil Procedure Code (Amendment) Act, No. 14 of 1997

Provided that where money is deposited as security, the same shall be deemed to have been hypothecated in favour of the Registrar of the court, for the payment of all costs which shall be incurred and taxed in prosecution of such appeal if the appellant is decreed to pay the same: ”.