State Act
110C
Section 110C. Power of one or two or more joint holders to grant receipts.
The Mumbai Municipal Corporation Act.
Act no. 3 of 18881888In forceMaharashtra (State Act)
110C. Power of one or two or more joint holders to grant receipts.— Notwithstanding anything in section 45 of the Indian Contract Act, 1872 (IX of 1872), when two or more persons are joint holders of any debenture issued under this Act, or any previous Act relating to the municipal government of the city, 2[or under the City of Bombay Improvement Act, 1898 (Bom. IV of 1898), or the City of Bombay Improvement Trust Transfer Act, 1925 (Bom. XVI of 1925)] any one of those persons may be given an effectual receipt for any interest or dividend payable in respect of such debenture unless notice to the contrary has been given to the Commissioner by any other of the holders.]