Amendment status not verified — confirm the current text below against the official source.
The mortgages executed in favour of and all other assets transferred to, a [Gram Vikas Bank]7 by the members thereof, before or after the commencement of this Act, shall with effect from the date of such execution or transfer, be deemed to have been transferred by such [Gram Vikas Bank]7 to the [Uttar Pradesh Gram Vikas Bank 2]6 and shall vest in the [Uttar Pradesh Gram Vikas Bank.]5 Power of Land Development Bank to receive money and grant discharges