Banking Regulation Act, 1949 — back to Table of Contents
Section 45ZF. Notice of claims of other persons regarding safety lockers not receivable
Completing the pattern set by sections 45ZB and 45ZD, this section provides that a banking company is not required to receive, or be bound by, notice of a claim from anyone other than the hirer or hirers of a locker — even if such notice is expressly given to it.
The exception, again, is where a decree, order, certificate or other authority from a court of competent jurisdiction relating to the locker or its contents is produced before the bank; in that case, the bank must take due note of it.
Note: Part IIIB was inserted by the Banking Companies (Second Amendment) Act, 1960.
