Bare ActsThe U P Sahkari Gram Vikas Bank Act 1964

Section 10

Priority of mortgage over certain claims

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10. Priority of mortgage over certain claims. - A mortgage executed 4 [or charge created] in favour of the 1 [Uttar Pradesh Gram Vikas Bank] or a 1 [Gram Vikas Bank] after the commencement of this Act, shall have priority over any claim of the Government arising from a loan granted after the execution of such mortgage, 4 [or creation of such charge] under the Land Improvement Loans Act, 1883.

Section 10 – The U P Sahkari Gram Vikas Bank Act 1964 | DailyLaw.ai