The Himachal Pradesh Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1972
Chapter VI MISCELLANEOUS
Chapter VI MISCELLANEOUS
26. Exemption from legislations relating to money lending and agriculturists' debt relief.
Nothing in any law for the time being in force dealing with money lending or agriculturists' debt relief shall apply to financial assistance availed of by an agriculturist from a bank.
Chapter VI MISCELLANEOUS
27. Mortgages executed by managers of joint Hindu families.
(1) Notwithstanding anything contained in any law for the time being in force, mortgages executed after the commencement of this Act by the manager of a joint Hindu family in favour of a bank for securing financial assistance for an agricultural purpose shall be binding on every member of such joint Hindu family. (2) Where a mortgage executed in favour of a bank is called in question on the ground that it was executed by the manager of a joint Hindu family for a purpose not binding on the members (whether such members have attained majority or not) thereof, the burden of proving the same shall lie on the party alleging it.
Chapter VI MISCELLANEOUS
28. Modified application of section 8 of Act No. XXXII of 1956.
Section 8 of the Hindu Minority and Guardianship Act 1956 (32 of 1956), shall apply to mortgages in favour of a bank subject to the modification that reference to the court therein shall be construed as reference to the Collector or his nominee and the appeal against the order of the Collector or his nominee shall lie to the Commissioner.
Chapter VI MISCELLANEOUS
29. Power of State Government to make rules.
(1) The State Government may make rules to provide for all matters for which provision is necessary or expedient for the purpose of giving effect to the provisions of this Act and all such rules shall be published in the Official Gazette. (2) The rules framed under sub-section (1) shall be subject to previous publication. (3) Every rule made under this section shall be laid, as soon as may be after it is made, before the Himachal Pradesh Legislative Assembly while it is in session and if, before the expiry of the session in which it is so laid or the session immediately following, the House makes any modification in the rule or decides that the rule should not be made, rule shall thereafter have effect only in such modified form or be of no effect, as the case may be, so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
PDF: pending for this language.