Section 188: Payment to survivors of joint payees.

The Delhi Municipal Corporation Act, 1957Central Act · Act 66 of 1957

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.

Where this provision sits

Act	The Delhi Municipal Corporation Act, 1957
Section	188
Marginal note	Payment to survivors of joint payees.
Jurisdiction	Central
Status	In force as published by the source

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