Amendment status not verified — confirm the current text below against the official source.
Trustee to be a corporation sole.- The Trustee appointed under section 77 shall be a corporation sole by the name of the Trustee for the debentures and as such shall have perpetual succession and a common seal and in its corporate name shall sue and be sued. 1 [79. Issue of debentures.- (1) With the previous sanction of the State Government and the Trustee, and subject to such terms and conditions as the State Government may impose, the 2 [State Agriculture and Rural Development Bank] 2 in 1 the discharge of its function as a 2 [Agriculture and Rural Development Bank] 2 may issue debentures of such denominations 3 [or take loans] 3 , for such period, and at such rates of interest, as it may deem expedient 4 [on the security of,—