Section 69
Power of one or two or more joint holders to grant receipts
The Major Port Trusts Act, 1963
About this Act
An Act to make provision for the constitution of port authorities for certain major ports in India and to vest the administration, control and management of such ports in such authorities and for matters connected therewith.
Where two or more persons are
joint holders of any Port Trust security, any one of those persons may give an effectual receipt for any
interest payable in respect of such security unless notice to the contrary has been given to the Board by
any other of the holders.