Union Bank Act, 1845, 23 of 1845 (Rep., Act 8 of 1868)

Section VI. And it is hereby further enacted, that until such Memorial as first hereinbefore mentioned shall hav

Repealed or not in force · As amended up to 2026-08

VI. And it is hereby further enacted, that until such Memorial as first hereinbefore mentioned shall have been deposited and enrolled as hereinbefore directed no action or suit shall be brought by the said Union Bank under the authority of this Act, and until the Memorial by this Act required to be deposited and enrolled in the event of any person or persons ceasing or discontinuing to be a Director or Secretary or Treasurer or Member of the said Union Bank, shall have been deposited and enrolled as hereinbefore mentioned, the person or persons whose name shall appear in the last Memorial which shall have been made and enrolled shall be and are hereby declared to be liable to all such actions, suits and executions upon judgment or decree and other proceedings under this Act in the same manner as if he, she, or they had not ceased or discontinued to be a Director, Secretary, or Treasurer, or Proprietor of the said Union Bank.

Source: India Code