Bare ActsThe ASSAM CO-OPERATIVE LAND MORTGAGE BANK ACT, 1960

Section 12

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

( 1) In exercise of the power of sale conferred for sale and by Section 11 and in conformity with the provisions manner of thereof, the Committee of a Mortgage Bank or any sale person duly authorised by such Committee may apply t·"l the Sale Officer appr:iinted ir:1 tint behal under Section 19 to sell the mortgaged property or any P3.rt t~1cre.:>f and such officer sh.i.11 after- giving n otice of 30 days in wntmg to all the persons referred to i-i Section 11, sell proper•y in the manner prescribed. (2) 1 he sale shall Le by public auction :in.cl shall be held in the _village where the mortgaged proper- ty is situated or at the nearest place of public resort if the S..1.le Offir:er is of opinion that the pro- perty is likely to ~e'.l to better advantage there. 8 Applicati?n

Section 12 – The ASSAM CO-OPERATIVE LAND MORTGAGE BANK ACT, 1960 | DailyLaw.ai