State Act
157
Section 157. Surplus if any how dealt with.
The Maharashtra Municipal Councils, Nagar Panchayats and Industrial Townships Act, 1965.
Act no. 40 of 19651965In forceMaharashtra (State Act)
157. Surplus if any how dealt with.— The surplus, if any, remaining after the sale of property under the last preceding section, shall be forthwith credited to the municipal fund, notice of such credit being given at the same time to the person in whose possession the property was at the time of distraint or attachment; if such person claims the surplus by written application to the Chief Officer within three years from the date of the notice given under this section, the Chief Officer shall refund the surplus to such person. Any sum not claimed within three years from the date of such notice shall be the property of the Council.