Amendment status not verified — confirm the current text below against the official source.
Removal of disability in creation of charges.- Where any charge on any land or interest therein or crops standing thereon was created in favour of a co- operative society before the commencement of this Act, it shall be lawful for an agriculturist to create, after such commencement a subsequent charge on such land or interest therein or crops standing thereon in favour of a bank, as security, for any financial assistance given to the agriculturist by the bank.