Bare ActsThe Madhya Pradesh Co-operative Agriculture and Rural Development Bank Act 1999

Section 53

Notwithstanding anything contaived in iany law for the

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

Notwithstanding anything contaived in iany law for the.time being in force— (i) the Security furnished in respect of loans by the State Development Bank or a District Development Bank either before or after commencement of this Act by the Karta of a Hindu Undivided Family for improvement of agricultural land or for other . purposes enurnerated in this Act, shall be binding on every member of such Hindu Undivided Family: (ii} Where a security furnished is called in question the burden of proof shall be-on the objector. - - ,

Section 53 – The Madhya Pradesh Co-operative Agriculture and Rural Development Bank Act 1999 | DailyLaw.ai