Bare ActsThe Goa Succession, Special Notaries and Inventory Proceeding Act, 2012

Section 420

When debts are approved by some of the interested parties only

Amendment status not verified — confirm the current text below against the official source.

When debts are approved by some of the interested parties only.— Where a debt has fallen due but it is approved by some of the interested parties only, the creditor may demand from such parties payment of their corresponding share of the liability. The payment shall be effected immediately, where there are funds, out of the shares of those parties who have approve the debts; where there are no funds, the payment shall be made out of the assets allotted to such parties after partition.

Section 420 – The Goa Succession, Special Notaries and Inventory Proceeding Act, 2012 | DailyLaw.ai