Bare ActsThe Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977

Section 27

Amendment status not verified — confirm the current text below against the official source.

Notwithstanding anything contained in any executed by ja w fo r the time being in force, mortgages execu- Jo hn H bid u t c c l a i ? t e r t h e commencement of this Act, by the families. manager of a Joint Hindu family in favour of a bank for securing financial assistance for an agricultural purpose shall be binding on every mem ber of such Joint Hindu family. Where a mortgage executed in favour of a bank is called in question on the ground that it was executed by the manager of a Jo in t Hindu family for a purpose not binding on the members (whether such members have attain ed majority or not) thereof the burden of proving the same shall lie on the party alleging it. Modified

Section 27 – The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977 | DailyLaw.ai