Government Savings Banks Act : Security for due administration Indian Bare Acts :

Government Savings Banks Act,1873

Act No : 5

Section : Security for due administration

6.Security for due administration. The Secretary of any such Bank 4*[or any officer empowered 5*[under sub-section (4) of section 4A]] may take such security as he --------------------------------------------------------------------- 2 Subs. by Act 45 of 1959 s. 4, for" Such payment". 3 of the words "or the said Act No. 26 of 1855" the words "the said" were omitted by Act 12 of 1891, s. 2 and Sch. 1, Pt. I, and the remaining words by Act 45 of 1959, s. 4. 4 Ins. by Act 16 of 1928, s. 4. 5 Subs. by Act 45 of 1959, s. 5, for "under section 4". 1 Subs. by Act 56 of 1985, s.2. --------------------------------------------------------------------- 4 thinks necessary from any person 1*[to whom he pays any money under sub-section (4) of section 4A] for the due administration of the money so paid, and he may assign the said security to any person interested in such administration.