section 25
Power of Board or of Trustee to direct distraint and sale of produce and the sale of mortgaged property, etc.
The Tamil Nadu Co-Operative Land Development Banks Act, 1934Finance193438 sections4 chapters
Chapter IV POWER OF SALE
Statutory text
25.
- (1) The Board or the Trustee may direct the committee of a primary land development bank to take action against a defaulter under section 9, section 13 or section 14 and if the committee neglects or fails to do so, the Board or the Trustee may take such action. (2)
- (a) Where such action is taken by the Board, the provisions of this Act and of any rules or regulations made thereunder shall apply in respect thereto as if all references to the primary land development bank and to its committee in the said provisions were references to the State Land Development Bank and the Board respectively.
- (b) Where such action is taken by the Trustee, the provisions of this Act and of any rules or regulations made thereunder shall apply in respect thereto as if all references to the primary land development bank or to its committee in the said provisions were references to the Trustee.
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