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[Cites 0, Cited by 0] [Section 45ZE] [Entire Act]

Union of India - Subsection

Section 45ZE(1) in The Banking Regulation Act, 1949

(1)Where an individual is the sole hirer of a locker from a banking company, whether such locker is located in the safe deposit vault of such banking company or elsewhere, such individual may nominate one person to whom, in the event of the death of such individual, the banking company may give access to the locker and liberty to remove the contents of the locker.