NDMC Act 130Chapter IX · Borrowing
Section 130 · Receipt by joint holders for interest or dividend
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When two or more persons are joint
holders of any debenture or security issued under this Act, any one of such persons may give an effectual
receipt for any interest or dividend payable in respect of such debenture or security, unless notice to the
contrary has been given to the Council by the other of such persons.
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