Amendment status not verified — confirm the current text below against the official source.
Priority of mortgage over certain claims.- 1 [(1)] 1 A mortgage executed in favour of a 2 [Agriculture and Rural Development Bank] 2 shall have priority over any claim of the Government arising from a loan under 3 [the Karnataka Land Improvement Loans Act, 1963 (Karnataka Act 16 of 1963) or the Karnataka Agriculturists Loan, Act, 1963 (Karnataka Act 17 of 1963)] 3 granted after the execution of the mortgage.