(1) A party may apply to the Court for an order that:
(a) the appellant give security for the costs of the appeal, and for the manner, time and terms for giving the security; and
(b) the appeal be stayed until security is given; and
(c) if the appellant fails to comply with the order to provide security within the time specified in the order--the appeal be stayed or dismissed.
(2) An application under subrule (1) must be accompanied by an affidavit stating the facts in support of the application.
Note: Section 56 of the Act also deals with security for costs.