State Act
57
Section 57. Powers of one or two or more joint holders to grant receipt.
THE KARNATAKA MARITIME BOARD ACT, 2015
Act no. 41 of 20172017In forceKarnataka (State Act)
57. Powers of one or two or more joint holders to grant receipt.- Where two or more persons are joint holders of any Board security, any one of those persons may give an effectual receipt of 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.