section 178
Payment to survivors of joint payees
The Madurai City Municipal Corporation Act, 1971Infrastructure1971468 of 491 sections available15 chapters
Chapter VI FINANCE
Statutory text
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 (Central Act IX of 1872) the debenture or security shall be payable to the survivor or survivors of such persons :
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