Bare ActsThe KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976.

Section 164

Priority of payments for interest and repayment of loans over other payment

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Priority of payments for interest and repayment of loans over other payment.- All payments due from the corporation for interest on and repayment of loans shall be made in priority to all other payments due from the corporation.

Section 164 – The KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976. | DailyLaw.ai