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Bare acts > Banking Regulation Act, 1949 > Section 45ZB
 
 
  

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 though even 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.

 

 
 

 

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