(1) The court may, on application by the person served, order that:
(a) the party by whom or on whose behalf the process was served give such security as the court specifies for the first - mentioned person's costs of and incidental to the proceeding; and
(b) the proceeding be stayed until the security is given.
(2) Subsection ( 1) does not limit the court's power to make an order requiring security for costs.