Officers of primary land development banks and of the State Land Development Bank and sale officers not to bid at sales

36. At any sale of movable or immovable property held under the provisions of this Act in order to recover any money due to a 3[primary land development bank], no Director, Secretary or other officer of such bank or of the 2[State Land Development Bank] (except on behalf of the bank of which he is a Director or an officer) and no sale officer or other person having any duty to perform in connexion with such sale, shall either directly or indirectly, bid for or acquire or attempt to acquire any interest in such property.