Login : Advocate | Client
Home Post Your Case My Account Law College Law Library

129. Payment to survivors of joint payees.

When any debenture or security issued under this Act is payable to two or more persons jointly, and either or any of them dies, then, notwithstanding anything in section 45 of the Indian Contract Act, 1872 (9 of 1872), the debenture or security shall be payable to the survivor or survivors of such person:

Provided that nothing in this section shall affect any claim by legal representative of a deceased person against such survivor or survivors.

New Delhi Municipal Council Act, 1994 Back

Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered and driven by neosys