Amendment status not verified — confirm the current text below against the official source.
Power of Board or of Trustee to dtrect distraint and sale of produce and the sale of mortgaged property, etc.-Cl) The Board or lhe Tru~tee may d1rect the Cumm1ttee of a primary mortgage bank to take action against a defaulter under section 8, sect10n 12, or seclion 24 and 1f the Committee neglects or fails to do so, the Board or the Trustee may take such action. (2) (a) where such action is taken by the Board, the pro- viswns of this Act and of any rules or regulations made there- under shall apply m respect thereto as If all references to the pnmary mortgage bank and to its Committee m the said provi- sions were references to the Central Mo1·tgage Bank and the Board, respectively. (b) where such action is taken by the Trustee, the J;1tovi- sions of this Act and of any rules or regulations made there- under shall apply m respect ther.,to as 1£ all references to the primary mortgage bank or to Its Committee 1n the said provi· swns were references to the Trustee.