Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstandiilg anything cantaified in on creation any law for the time being in force, an agriculturist of tenancy ,, ,, who has availed hjrnself of financial assisfane from cu~tucist a bank by creating a charge or mortgage on land or borrower. interest therein, shall not, SO long as the hancial assistance continues to be outstanding, lease out or create any tenancy rights on such land or interest without prior permission in writing of the bank. (2) Any lease granted or tenancy rights created in contravention of this zzction shaJl be void, ARRANGEMENTS FOR RECOVERY OF DUES BY BANKS