Amendment status not verified — confirm the current text below against the official source.
Power of Board or Trustee to direct dtstratni and sale of produce and sale of mortgaged property etc.-(1) The Board or the Trustee may direct the committee of a primary bank to t~ke action against a defaulter under sectiOn 16 or sectiOn UJ or sectiOn 29 and 1f the committee neglects or fails to do so the Board or the Trustee may take such action. ------- (2) Where action IS taken by the Board under sub-section (1), the provisiOns of this Act and of any rules or regulatiOns made thereunder shall apply 10 respect thereto as If all references to the primary bank and to Its committee 10 the said prov1::.10ns were 'r references to the Agricultural Development Bank and the Board _,., respectively. • ' (3) Where actwn IS taken by the Trustee unde1 sub-section · (1), the provisiOns of this Act and of any rules or regulations made • thereunder shall apply m respect thereto as If all references to the pnmary bank or to its committee m the said provisions were references to the Trustee. ...,_