Section 45ZB:
Notice of claims of other persons regarding deposits not receivable.
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.]
Notes:
1. Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).