Bare ActsThe JAMMU AND KASHMIR MUNICIPAL CORPORATION ACT, 2000

Section 147

Receipt by joint holders for the interest or dividend.

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

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 debentures or security, unless notice to the contrary has been given to the Corporation by the other persons.

Section 147 – The JAMMU AND KASHMIR MUNICIPAL CORPORATION ACT, 2000 | DailyLaw.ai