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State of Madhya Pradesh - Section

Section 66 in The M.P. Griha Nirman Mandal Adhiniyam, 1972

66. Receipt by joint holder for interest or dividend.

- Where two or more person are joint holders of any debenture or security issued or granted under this Act any payment made to any one of the holders of any dividend or interest payable in respect of such debenture or security shall be a full discharge of the liability of the Board in respect of such dividend or interest.