Amendment status not verified — confirm the current text below against the official source.
Appointment, qualifications and powers and functions of a Sale Office under section 133.— A Land Development Bank may from time to time, by a resolution of its committee appoint any of its officers or any other person as a Sale Officer, with the approval of the Registrar, for the purpose of effecting sale of mortgaged property under section 133. Such Sale Officer shall exercise the same powers and functions as are conferred upon a Recovery Officer and a sale Officer under these Rules.