section 189
Receipt by joint holder for interest or dividend
The Bruhat Bengaluru Mahanagara Palike Act, 2020General2020383 sections24 chapters
Chapter XIV FINANCE, ACCOUNTS AND AUDIT
Statutory text
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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