6. Security for due administration
The [Authorised Officer] of [a Government Savings Bank] may take such security as he thinks necessary from any person [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.
Amendment notes (3)
- Subs w.e.f. 1-4-2018 . Subs. by Act 13 of 2018, s. 116, for "Secretary" (w.e.f. 1-4-2018).
- Subs w.e.f. 1-4-2018 . Subs. by s. 122, ibid., for certain words (w.e.f. 1-4-2018).
- Subs . Subs. by Act 45 of 1959, s. 5, for "to whom he pays any money under section 4".