Section 45ZB
Notice of claims of other persons regarding deposits not receivable.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
1[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.]
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.]
Notes
1. Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).