State Act
189
Section 189. Receipt by joint holder for interest or dividend.
THE BRUHAT BENGALURU MAHANAGARA PALIKE ACT, 2020
Act no. 53 of 20202020Repealed 15 May 2025Karnataka (State Act)
This Act was repealed on 15 May 2025 by the Greater Bengaluru Governance Act, 2024 (Karnataka Act 36 of 2025), s.361(1); it may still apply to matters that began before then.
189. Receipt by joint holder for interest or dividend.- 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 debenture or security, unless notice to the contrary has been given to the corporation by any other of such persons.