The Punjab Distressed Person (Facilities for Loans) Act, 1958

(1) This Act may be called the Punjab Distressed Persons (Facilities for Loans) Act, 1958. (2) It extends to the whole of the State of Haryana. (3) It shall come into force on such date as the State Government may, by notification in the official Gazette, appoint.

The State Government or the Financial Commissioner, subject to the control of the State Government, may, from time to time by notification in the Official Gazette, make rules as to loans and their recovery to be made to persons afflicted by distress caused by calamities, such as floods, epidemics, famine, earthquakes, landslides, avalanches, snow-storms, hailstorms, fire, severe drought and locusts.

Every loan made in accordance with rules made under this Act, all interest chargeable thereon, and costs, if any, incurred in making or recovering the same, shall when they become due, recoverable from the person to whom the loan was made or from any person, who has become surety for the repayment thereof, as if they were arrears of land revenue.

When a loan is made under this Act to two or mure persons on such terms that all of them aie jointly and severally bound to thc State Government for the paymcn t of lhe whole amount payable in respect illereof, and a state-ment showing ihc portion of thal amount which as among themselves each is bound to con tri bufe, is enlered upon the order granting the loail and is signed, marked, or sealed by each of them or his agent duly authorised in this behalf and by the officer making the order, that slalemen: shall be conclusive evidence of the portion of that anloun t which as among rhemselves each nF thosc persons is bound to contribute.