Major Port Trusts Act : Power of one or two or more joint holders to grant receipts. Indian Bare Acts

Major Port Trusts Act,1963

Act No : 38

Section : Power of one or two or more joint holders to grant receipts.

69. Power of one or two or more joint holders to grant receipts. Where two or more persons are joint holders of any Port Trust security, any one of those persons may give an effectual receipt for any interest payable in respect of such security unless notice to the contrary has been given to the Board by any other of the holders.