The Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960)
kerala · 1960
- S. 1Short title, extent and commencement
- S. 2Definitions
- S. 3—
- S. 4Issue of debentures by the Board
- S. 5Appointment of Trustee and his powers and functwns
- S. 6Gu11rantte by Government on principal of and interest on debentures issued under section 4
- S. 7Power of Board to make regulation
- S. 8Distraint when to be made
- S. 9Distraint how to be e
- S. 10Sale of property distrained
- S. 11Power of Government to make rules
- S. 12Power of sale when to be exercised
- S. 13Application for sale and manner of sale
- S. 14Application to set aside sale on deposit and confirmation of sale in default or on dismissal of such appLication
- S. 15Distribution of sale p1·oceeds
- S. 16Certificate to purchaser
- S. 17Delivery of property to purchaser
- S. 181Right of- Central Mortgage 'Bank •01' primary mortgage bank to purchase the mortgaged property ·rt sa1e
- S. 19Appointment of receiver and his powers
- S. 20Title of,purchaser not to be tmpeached on the ground of irregularity etc
- S. 21Appointment of sale of]ice1·
- S. 22Power of Government to make rules
- S. 23Mortgages ezecuted in favour of mortgage bank, etc
- S. 24Powers of mortgage bank in case the mortgaged property is msufficient
- S. 25Power of Board or of Trustee to dtrect distraint and sale of produce and the sale of mortgaged property, etc
- S. 26Bank's right to tmprovements effected by lessee
- S. 27Mortgage not to be questioned on insolvency of mortga- gor
- S. 28Priority of mortgage over ceTtain claims of the Govern- ment
- S. 29Right of mortgage bank to pay prior debts of mortgagor
- S. 30PoweT to summon witnesses and requisition docu- ments
- S. 31Regtatratwn ofdocwnents e~ecuted on behalf, of the · Cen· tral Mortgage Bank or'of a p1 imary mortgage bank
- S. 32Power of rno1·tgage bank
- S. 33Special provtswns fo1· mortgages, executed by managers of join~ ·Hmdu fam
- S. 34Special provisions for mortgages by tenants
- S. 35Proof of documents or entries in documents
- S. 36Chapters III and IV to apply to loans advanced by mort- gage banks from funds not boTTowed from the Central Mortgage Ba
- S. 37Service of nottce under
- S. 38—
- S. 39Officers of the Bank not to bid at sa
- S. 40Delegation of powers bll Board
- S. 41Starttng of branch banks
- S. 42Powers of Board to make regulations
- S. 43Certam rights and bab1ht1es of I he Cochin Co-operative Land Mortgage Bank to continue in that Bank
- S. 44Repeals
- S. 1960(2) It extends to the whole of the State of Kerala