LawgistThe Banking Regulation Act
45ZDNotice 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.]
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1. Ins. by Act 1 of 1984, s. 37 (w.e.f. 29-3-1985).
PROVISIONS RELATING TO CERTAIN OPERATIONS OF BANKING COMPANIES
- 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
