Application for the appointment of a receiver by the court under section 51(2) shall be by petition to the court, which shall be served on the company.
On such an application, the court shall, if it thinks fit, issue an interlocutor making the appointment of the receiver.
On receipt of the certified copy interlocutor in accordance with subsection (3), the registrar shall, on payment of the prescribed fee, enter the particulars of the appointment in the register.
The receiver is to be regarded as having been appointed on the date of his being appointed by the court.
On the appointment of a receiver under this section, the floating charge by virtue of which he was appointed attaches to the property then subject to the charge; and such attachment has effect as if the charge were a fixed security over the property to which it has attached.
In making rules of court for the purposes of this section, the Court of Session shall have regard to the need for special provision for cases which appear to the court to require to be dealt with as a matter of urgency.