Bare Act

The Bihar Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977

This Act governs the financial relationship between banks and co-operative societies, allowing banks to lend money to these groups and inspect their records to ensure the safety of their funds. It empowers co-operative societies to borrow from banks while giving the state government the power to regulate lending in areas already well-served by cooperatives. Furthermore, the law establishes a specific dispute resolution process where disagreements between banks and co-ops are handled by a Registrar rather than the courts, ensuring faster and more specialized resolution of financial conflicts.

PDF: pending for this language.