Post and Telecommunication-related Matters Act, 1958 (Act No. 44 of 1958)

Chapter II : Finance

12L. Duration not responsible for fulfilment of obligations resulting from lien over securities
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Neither the department nor any agent appointed under section 12K shall be responsible for the fulfilment of any obligation resulting from any lien, whether expressed, implied or constructive, held over any security, notwithstanding that the department or such agent was notified of such lien.

 

[Section 12L inserted by section 5 of Act No. 113 of 1976]