section 159
Provided that nothing in this section shall affect any claim by the representative of a deceased person against such survivor or survivors.
The Karnataka Municipalities and Certain Other Law (Amendment) Act, 2012Infrastructure2012577 sections22 chapters
Chapter XI FINANCE, ACCOUNTS AND AUDIT
Statutory text
Receipt by joint holder for interest or dividend.- When two or more persons are joint holders of any debenture or security issued under this Act, any one of such persons may give an effectual receipt for any interest or dividend payable in respect of such debenture or security, unless notice to the contrary has been given to the corporation by any other of such persons.
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