Amendment status not verified — confirm the current text below against the official source.
Out of the sale proceeds of a sale under section 54, the land revenue or any sum recoverable as a public demand shall be paid first and then any amount due to the land development bank on account of any outstanding loan from that bank and the amount payable to the co- operative society together with the cost incurred for effecting the sale shall be paid. Thereafter the dues to the creditor shall be paid and the residue, if any, shall be paid to the debtor. 346 The West Bengal Co-operative Societies Act, 1983. XLV of 1983.] (Chapter VI.—Duties and obligations of co-operative societies.—Sections 56-58.)