State Act
110AC
Section 110AC. Liability in respect of debenture renewed.
The Mumbai Municipal Corporation Act.
Act no. 3 of 18881888In forceMaharashtra (State Act)
110AC. Liability in respect of debenture renewed.— (1) When a renewed debenture has been issued under section 110AA in favour of any person, the debenture so issued shall be deemed constitute a new contract between the corporation and such person and all persons deriving title thereafter through him. (2) No such renewal shall affect the rights as against the corporation of any other person to the debenture so renewed.