Attachment of government securities should not be served on banks; tax recovery officers must attach the securities directly. Notices of attachment should not be issued to banks holding government securities as agents or Public Debt Offices because the government is the real debtor; instead, the securities themselves may be attached by the Tax Recovery Officer exercising statutory attachment powers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Attachment of government securities should not be served on banks; tax recovery officers must attach the securities directly.
Notices of attachment should not be issued to banks holding government securities as agents or Public Debt Offices because the government is the real debtor; instead, the securities themselves may be attached by the Tax Recovery Officer exercising statutory attachment powers.
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