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The Succession Act, 1925

( ACT NO. XXXIX OF 1925 )

Restriction on grant of certificates under this Part
370. (1) A succession certificate (hereinafter in this Part referred to as a certificate) shall not be granted under this Part with respect to any debt or security to which a right is required by section 212 or section 213 to be established by letters of administration or probate:
 
 
Provided that nothing contained in this section shall be deemed to prevent the grant of a certificate to any person claiming to be entitled to the effects of a deceased Bangladesh Christian, or to any part thereof, with respect to any debt or security, by reason that a right thereto can be established by letters of administration under this Act.
 
 
(2) For the purposes of this Part, "security" means-
 
 
(a) any promissory note, debenture, stock or other security of the Government 1[* * *];
 
 
2[* * *]
 
 
(c) any stock or debenture of, or share in, a company or other incorporated institution;
 
 
(d) any debenture or other security for money issued by, or on behalf of, a local authority;
 
 
(e) any other security which the Government may, by notification in the official Gazette, declare to be a security for the purposes of this Part.

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