6. In the principal Act, after section
11, the following new section shall be in-
serted, namely:-
"11 A (1) Where advance is made
against hypothecation of assets, the Mort-
gage Bank shall have power to put the
assets on sale for default by the borrower
of payment of instalment due.
Section 6 • THE ASSAM COOPERATIVE LAND MORTGAGE BANK (AMENDMENT) ACT, 1990
Section 6. 11 A (1)
the-assam-cooperative-land-mortgage-bank-amendment-act-1990-sec-6.json
•
Section 6
{
"act_title": "THE ASSAM COOPERATIVE LAND MORTGAGE BANK (AMENDMENT) ACT, 1990",
"act_slug": "the-assam-cooperative-land-mortgage-bank-amendment-act-1990",
"section_label": "Section",
"section": {
"number": "6",
"title": "Section 6. 11 A (1)",
"chapter": null,
"content": "6. In the principal Act, after section\n11, the following new section shall be in-\nserted, namely:-\n\n\"11 A (1) Where advance is made\nagainst hypothecation of assets, the Mort-\ngage Bank shall have power to put the\nassets on sale for default by the borrower\nof payment of instalment due.",
"footnote": "Assam Act I of 1961.",
"is_definition": false,
"sort_order": 70
},
"prev_section": "5",
"next_section": "6"
}