section 162
Receipt by joint holders for the interest or dividend.
The Punjab Municipal Corporation Act, 1976Infrastructure1976412 sections21 chapters
Chapter VIII Chapter VIII
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 effectul 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 the order of such persons.
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