State Act
165
Section 165. Power of one or two or more joint holders to grant receipts.
The Greater Hyderabad Municipal Corporation Act, 1955.
Act no. 2 of 19561956In forceTelangana (State Act)
165. Notwithstanding anything in section 45 of the Indian Contract Act, 1872, when two or more persons are joint holders of any debenture issued under this Act, any one of those persons may give 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.