Bare ActsKerala Co-operative Land Mortgage Banks Act, 1960

Section 18

Right of Central Mortgage Bank or primary mortgage bank to purchase the mortgaged property it sale.--

Amendment status not verified — confirm the current text below against the official source.

It shall be competent to the Central Mortgage Bank or a primary mortgage bank to purchase the mortgaged property sold under this Chapter, but the property so purchased shall be disposed, of by such bank by sale within such period as may be fixed\by the Trustee.

Section 18 – Kerala Co-operative Land Mortgage Banks Act, 1960 | DailyLaw.ai