Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in the Transfer of Property Act, 1882, or any other law for the time being in force :- (a) it shall be lawful for a tenant to mortgage the occupancy holding which he intends to acquire under the provisions of this Chapter in order to borrow money from the State Bank, 35[or a Co-operative Society regis tered under the Girasdar's right to be deemed to be extinguished. Certain mortgages and charges not enforceable against occupancy holding. Borrowing of tenant from the State Bank. The Saurashtra Land Reforms Act, 1951 20 of 33 Bombay Co-operative Societies Act, 1925 (Bom. VII of 1925) as adapted and applied to the 36[Saurashtra area of the 37[State of Gujarat;]] (b) such mortgage shall be deemed to be lawful and subsisting after the occupancy is acquired. (2) The money so advanced shall be recoverable in the same manner as an arrear of land revenue.