Legal Question in Banking Law in India
In case of an account styled as "Either or Survivor" if one of the account holders dies, what precaution / documents to be taken /obtained. (2) and what should be done if a cheque is presented for payment Signed by deceased a/c holder Signed before death.
Asked on 6/17/10, 10:21 am
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
as per law cheques of deceased are not valid but in case its a partnership account, the other partner is equally liable.
Answered on 6/17/10, 10:17 pm
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