Right of
mortgage Bank
or of the
Central
Mortgage Bank
to Purchase the
mortgaged
property at
sale.
20. (1) Notwithstanding anything contained in any law for
the time being in force, it shall be lawful for a
Mortgage Bank or the Central Mortgage Bank to
purchase any mortgaged property sold under this Act
and the property so purchased shall be disposed of by
such Bank by sale within such period as may be fixed
by the Trustee.
Section 20 • THE ASSAM CO-OPERATIVE LAND MORTGAGE BANK ACT, 1960
Section 20. (1)
assam-co-operative-land-mortgage-bank-act-1960-assam-sec-20.json
•
Section 20
{
"act_title": "THE ASSAM CO-OPERATIVE LAND MORTGAGE BANK ACT, 1960",
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"section": {
"number": "20",
"title": "Section 20. (1)",
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"content": "Right of \nmortgage Bank \nor of the \nCentral \nMortgage Bank \nto Purchase the \nmortgaged \nproperty at \nsale.\n\n20. (1) Notwithstanding anything contained in any law for \nthe time being in force, it shall be lawful for a \nMortgage Bank or the Central Mortgage Bank to \npurchase any mortgaged property sold under this Act \nand the property so purchased shall be disposed of by \nsuch Bank by sale within such period as may be fixed \nby the Trustee.",
"footnote": "",
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