section 41
Priority of Gehan, mortgage and hypothecation
The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979Finance197954 sections1 chapters
Chapter VII SALE OF MORTGAGED PROPERTY
Statutory text
Any amount payable under a Gehan created or mortgage or hypothecation executed in favour of the Agriculture and Rural Development Bank shall have priority over any claim of the Government arising from a loan under the Land Improvement Loans Act, 1883 (19 of 1883) or any other law for the time being in force in the State, granted after the creation of the gehan or the execution of the mortgage or hypothecation.
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