Lawgist45ZReturn of paid instruments to customers
1[45Z. Return of paid instruments to customers.--(1) Where a banking company is required by its customer to return to him a paid instrument before the expiry of the period specified by rules made under section 45Y, the banking company shall not return the instrument except after making and keeping in its possession a true copy of all relevant parts of such instrument, such copy being made by a mechanical or other process which in itself ensures the accuracy of the copy.
(2) The banking company shall be entitled to recover from the customer the cost of making such copies of the instrument.
Explanation.--In this section, "customer" includes a Government department and a corporation incorporated by or under any law.]
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1. Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).
- 45Y Power of Central Government to make rules for the preservation of records
- 45Z Return of paid instruments to customers
- 45ZA Nomination for payment of depositors' money
- 45ZB Notice of claims of other persons regarding deposits not receivable
- 45ZC Nomination for return of articles kept in safe custody with banking company
- 45ZD Notice of claims of other persons regarding articles not receivable
- 45ZE Release of contents of safety lockers
- 45ZF Notice of claims of other persons regarding safety lockers not receivable
