Amendment status not verified — confirm the current text below against the official source.
Subs. by ibid the Central Legislature. [The United Provinces Debt Redemption Act, 1940] 522 (5) “co-operative society” means a society registered or deemed to be registered under the provisions of the Co-operative Societies Act, 1912 ; (6) “decree to which this Act applies” means a decree passed either before or after the commencement of this Act in a suit to which this Act applies ; (7) “interest” means the return to be made over and above what was actually advanced, whether the same is charged or sought to be recovered specially by way of interest, or usufruct or service to be rendered or otherwise ; (8) “land” means land in a mahal in [Uttar Pradesh)]1 but does not include land occupied by buildings or appurtenant thereto or land within the limits of any municipality, cantonment or notified area ; (9) “loan” means an advance in cash or kind made before the first day of June, 1940 ; recoverable from an agriculturist or a workman or from any such person and other persons jointly or from the property of an agriculturist or workman and includes any transaction which in substance amounts to such advance, but does not include an advance the liability for the repayment of which has by a contract with the borrower or his heir or successor or by sale in execution of a decree been transferred to another person or an advance by the Central or [State Government]2 or by a local authority authorized by the [State Government]2 to make advances or by a co- operative society or by a scheduled bank ; Provided that an advance recoverable from an agriculturist or from an agriculturist and other persons jointly shall not be deemed to be a loan for the purposes of this Act unless such advance was made to an agriculturist or to and agriculturist and other persons jointly. 3[(10) “local rate” means the rate, which under the United Provinces Local Rates Act, 1914, is payable by, or recoverable from an agriculturist possessing heritable and transferable rights ], (11) “prescribed” means prescribed by this Act or by rules made thereunder ; (12) “principal” means the amount originally advanced ; (13) “proprietor” includes a superior proprietor and an inferior proprietor but does not include a mortgagee or in Agra a superior proprietor to whom the provisions of section 77 of the United Provinces Land Revenue Act, 1901, apply ; (14) “rent” does not include sayar ; ——————————————————————————————————————————