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[Cites 0, Cited by 0] [Section 374] [Entire Act]

State of Jammu-Kashmir - Subsection

Section 374(1) in Jammu and Kashmir Municipal Corporation Act, 2000

(1)Where any person, by reason of his receiving rent of immovable property as a receiver, agent or trustee would be bound to discharge any obligation imposed by this Act, or any rule, bye-laws, regulation or order made under it for the discharge of which money is required, he shall not be bound to discharge the obligation unless he has, or but for his own improper act or default might have had, funds in his hands belonging to the owner sufficient for the purpose.