Amendment status not verified — confirm the current text below against the official source.
(1) The President, the Vice-President, and every member, officer and servant 230 of the [Municipality]1 shall be liable to surcharge for the loss, waste and misapplication of any money or property of the [Municipality]1, if such loss, waste or misapplication is a direct consequence of has neglect or misconduct while acting as such President, Vice-President, member, officer or servant: 1- Subs. by section 72 of Chapter-III of U.P. Act No. 12 of 1994. 2- Subs. by section 32 of Chapter-III of U.P. Act No. 26 of 1995. [The [Uttar Pradesh]3 Municipalities Act, 1916] [Section 82] Provided that such liability shall cease to exist after the expiry of ten years from the occurrence of such loss, waste or misapplication or after the expiry of five years from the date on which such President, Vice-president, member, officer or servant ceases to hold his office, whichever is later. (2) The amount of surcharge so imposed shall be recoverable as if it were an arrear of land revenue and the Collector on being satisfied that the sum is due shall proceed to recover it as such an arrear. (3) The procedure of surcharge and the manner of the recovery of the amount involved in loss, waste or misapplication shall be such as may be prescribed. (4) Where no surcharge proceedings are taken the Municipality, with the previous sanction of, or on being directed by the Prescribed Authority, may institute a suit for compensation against such person.]2 Penalty on member or President acquiring interest in contract, etc.