Amendment status not verified — confirm the current text below against the official source.
4 of 1882. (2) Notwithstanding anything contained in the Transfer of Property Act, 1882, or in any other law for the time being in force, a mortgage executed in favour of a co-operative land development bank in respect of 'any land before or after the commencement of this Act, shall have priority over other unregistered mortgages or charges or unregistered transfer, gift or sale created, made or effected by the mortgagor or his predecessor-in-interest in respect of such land before the execution of the mortgage first mentioned. Power to distrain. Distribution of proceeds of sale or distraint.