Section 45ZD:
Notice of claims of other persons regarding articles not receivable.
1[45ZD. Notice of claims of other persons regarding articles not receivable.--No notice of the
claim of any person, other than the person or persons in whose name any article is held by a banking
company in safe custody, 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 article 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).