Amendment status not verified — confirm the current text below against the official source.
(I) Notwithstanding anything contained in any law for the time executed by being in force, mortgages executed after the commencement of this Act managers 01 by the manager of a joint Hindu family in favour of a bank for securing finan- Join t Hindu cial assistance for an agricultural purpose shall be binding on every member families. of such joint Hindu family. (2) Where a mortgage executed in favour of bank is called in question on the ground that it was executed by the manager of a joint Hindu family for a purpose not binding on the members (whether such members have attained • majority or not) thereof, the burden of proving the same shall lie on the party' alleging it. Modified