Section 7.

{
    "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": "7",
        "title": "Section 7.",
        "chapter": null,
        "content": "7. In the principal Act, in section 12,\r\nfor the existing provisions of sub-section\r\n(2), the following shall be substituted,\r\nnamely:-\r\n\r\n\"(2) The sale shall be by public\r\nauction and shall be held in the village\r\nwhere the mortgaged property is situated\r\nor at the nearest place of public resort\r\nor in the office of the Sales Officer-\r\nwhichever place, in the opinion of the\r\nSales Officer, is likely to attract the maxi-\r\nmum number of bidders and the property\r\nis likely to sell to better advantage\r\nthere.\"",
        "footnote": "Assam Act I of 1961.",
        "is_definition": false,
        "sort_order": 90
    },
    "prev_section": "6",
    "next_section": null
}