Amendment status not verified — confirm the current text below against the official source.
'1(1)1 A rnortgngc e\c~ufed in favour of a 2[Prio~ity or 'rpt iniary Innd de\clnpmcnt brink I nftcr the comtiicnce- mortgage o\ cr other n:ent ol' 111:\ Act \I1311 II;I>.c l>tio~ity over itny clattn cI.tirn\ I OS tllc (;OVCI.IIIIICIII arising fro111 ;1 loan ititdcr ~ I I C . n r l , LntlLl Imp! o\enlc.~i Loans Ac!, 1 883. rrni\tccl aftcr ,A,G~ XLX thc c\i-culion c.1 (lit 11io1 t?,lpc.. '[(3) W~tlio~~t l>rcj~i(l*c.c lo thc piwvi\~ons ol' CLII>-\CL. l t ) l l ( I ) . ,11l<I :I(II\\'!~I~\~:~I~cIIIIP iltt).1I1111~ COII- tllincd III tllc 4lTa111ll N~cl11l CO-OI>CI-;LCI\CSOCIC~~C\ Act. 1961 ( 4 1 r;~~nil N'tdr~ I Act 5.3 of 196 I ) ot 111 arty other Inw for the tttne being in fo~.cc, :i ~iiortgagc cxccuted - 1 c\pres\lon u.t\ aub~titu~cd for he cxprc\sion "mol tg ~ g c bdllk h\ \ C C ~ I I ~ I I 4 0 1 I ~ I C T , I I I ~ I ~ V ~ d u Co-opc~~.cl!\c i . ~ n d Morr- g.lge H31ih\ (~\rnend~iienr) Act. 1000 (7',lrnil Nadu Act 14 of 196')) Scc.11011 28 ren~l~libereil .IS aub-wction ( 1 ) or tl~nt xction and 1111. ~n.irginal he.ld~ng \\.ah \~th~t~ttttccl by re~llon 3 (a) of the 'r,rn~il N$~tlit C'o-oper,lti\ J I and hlnrtg.\gc H,~nk\ (Amendment) Act, 1968 ( T,tni~l Nadu Act 17 01' 11)6S) 8 Tlu, \tth.scct~on \\,I\ i~ddaci by \cctiotl 3 (h), rhrd. 4 Tllc,a words were \tibsliti~ted A)r the word " Madras" by the Tan~ll N.idu Adapt;ttion of Law\ Order, 10hl), a\ .~nicnded by the TaniiI N,~du Adaptntion of Laws (Seoond Amendment) Order, 1969, I 1 .+aiuJ*Wurr " . - & w * . . * .*L-uII&.(I-~ -. . ,..nr..ll-*U ' - - - I 444 ao-operative Jund 11934: T.N. Act X Development Banks in favour of a '[primary land development bank] after the 4th day of July 1968, shall, subject to the claim of the Government in respect of land revenue, have priority over all other claims against the pro- perty secured by such mortgage.] verificatioo of *[28.-A. A a[primary land development bank] shall, .ncumbrancos. before advancing any loan on the security of any immovable property, verify encumbrances, if any, for a pzriod of thirteen years immediately preceding the date of advance of such loan affecting such immo- vable property.] ltigkt .f ;primary