Delhi Municipal Corporation Act — Section 188

Payment to survivors of joint payees.—When any debenture or security issued under this Act

188. Payment to survivors of joint payees.—When any debenture or security issued under this Act is payable to two or more persons jointly, and either or any of them dies, then notwithstanding anything in section 45 of the Indian Contract Act, 1872 (9 of 1872), the debenture or security shall be payable to the survivor or survivors of such person :

Provided that nothing in this section shall affect any claim by the legal representative of a deceased

person against such survivor or survivors.

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Judgments citing Section 188

Text reproduced from the public statutes on which the corpus is built. Verify against the official Gazette before relying on it. This is statute reference, not legal advice.