Amendment status not verified — confirm the current text below against the official source.
Collector to make recoveries during certain period.--(1) During such period as the State Government may, by general or special order, notifying in the official Gazette, it shall be competent for the Collector, on application being made to him in this behalf by a Land Development Bank, to recover all sums due to the Bank, including the cost of such recovery. (2)The Collector or any person specially authorised by him in this behalf, shall recover all sums due to a Land Development Bank in the following order and manner, namely: (a) from the borrower as if they were in arrears of land revenue due by him. (b) out of the land for the benefit of which the loan has been granted as if they were arrears of land revenue in respect of that land. (c) from a surety, if any, as if they were arrears of land revenue due by him;, (d) out of the property comprised in the collateral security, if any according to the procedure for the realisation of land revenue by the sale of immovable property other than the land on which the/revenue is due. 46] Bihar Co-operative Societies Act, 1935 [Secs. 44T-44V (3) the provisions of this section shall be subject to any tenancy law for the time being in force. A4T, Distraint and sale.--(1) lf any instalment payable under mortgage executed in favour of a Land Development Bank or any part of such instalment has remained unpaid for more than one month from the date on which it fell due, the managing committee of such a bank or the Board may, in addition to any other remedy available to the bank, apply to the Registrar for the recovery of such instalment of part there of by distraint and sale the produce of the mortgaged land, including the standing crops thereon, and any other movable property of the default in the manner prescribed. On receipt of such application the Registrar may, after giving registered notice to the mortgagor notwithstanding anything contained in the Transfer of Property Act, 1882 (4 of 1882), direct distraint and sale of such produce and, if necessary, also of such other movable property of the defaulter: Provided that such implements of husbandry other than the implements mortgaged to the Land Development Bank, and such cattle of the defaulter as may, in the opinion of the Registrar, be necessary to enable the defaulter to earn his livelihood as an agriculturist shall not be liable for such distraint and sale: Provided further that no such distraint shall be made after the expiry of twelve months from the date on which the instalment fell due. (2) The value of the property distrained shall be, as far as may be, equal to the amount due, and the expenses of the distraint and the cost of the sale.