Amendment status not verified — confirm the current text below against the official source.
(1) The Board or thc Tru<tee may direct the committee of a '[primary Inr~d development bank] to Board or of Trustee to take action against a defiiulte~. v~lder scction 9, section direct 13 or sc:tio~\ %and if tlxc committee neglects or fails distralnt and do 50, the Board '01. t l ~ c Trl~si~cc rnay take such sale of produce and ncticn. the sale of mortgaged (2) (a) Wltcre sucl\ actlion i s takcn by the Board, property, t,\le provisions of this Act and of any rules or rcgula- cto. t~ions made tjhereunder shall apply in respect t~hcreto as if all references to tl\\c '[primary land developmcnt~ bank] and tto it4s commi~tlec in the said provisions t\ ere references to tll1e ?[Stlatle Land Developn~e~~t~ Bank] and t~he Board respect ivcly. (b) Where such act ion is laken by the Trustee, the provis'ons of this Acl* and of any r~ilcs or regulations made thereunder shall apply in respectl thereto as if ----- - - 1 This expression was substituted for the cxprasion " mortgage bank " by section 4 of the Tamil Nadu Co-operative Land Mortgage Banks (Ammdment) Act, 1969 (Tamil Nadu Act 14 of 1969). 8 This expression was suhstitutcd for the expression "Centrdl Mortgage Bank" by ibid. *... ,.*.. &... - ~ ~ u ~ . ~ w ~ w . . L ~ L L . -*,,db.*+IYYPW- ..&' ..--. .'. 1934: T.N. Act XI Co-oPeratrve ~arld 433 Development Baltks I /' all references to the '[primary land development bank] or to itvs committee in the said provisions were refer- ences to the Tri~stee. Central