section 85
Charge of debentures holders on certain properties.
The Jammu and Kashmir Co-operative Societies Act, 1989Corporate1989184 sections
Statutory text
The holders of the debentures shall have floating charge on
- (a) all such mortgages and assets as are referred to in sub-section (4) of section 83 ;
- (b) the amount paid under such mortgages and remaining in the hands of the Board or the Trustee ; and
- (c) the other properties of the State Agriculture and Rural Development Bank.
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