Section 45ZB: Notice of claims of other persons regarding deposits not receivable.

The Banking Regulation Act, 1949Central Act · Act 10 of 1949

[45ZB. Notice of claims of other persons regarding deposits not receivable.--No notice of the claim of any person, other than the person or persons in whose name a deposit is held by a banking company, shall be receivable by the banking company, nor shall the banking company be bound by any such notice even though expressly given to it:

Provided that where any decree, order, certificate or other authority from a court of competent jurisdiction relating to such deposit is produced before a banking company, the banking company shall take due note of such decree, order, certificate or other authority.]

Where this provision sits

Act	The Banking Regulation Act, 1949
Section	45ZB
Marginal note	Notice of claims of other persons regarding deposits not receivable.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

inserted, Act 1 of 1984. . Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).

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