New Delhi Municipal Council Act : Payment to survivors of joint payees. Indian Bare Acts :

New Delhi Municipal Council Act,1994

Act No : 44

Section : Payment to survivors of joint payees.

129. Payment to survivors of joint payees. 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 (9 of 1872), the debenture or security shall be payable to the survivor or survivors of such person: Provided that nothing in this section shall affect any claim by legal representative of a deceased person against such survivor or survivors.