Section 501

The Sale Officer shall make proper arrangement for the custody and preservation of the distrained property during the interval between its distraint, and sale. The applicant bank or an officer of the State Co-operative Bank concerned, if he is authorised in this behalf by it shall, if required by the Sale Officer, undertake the custody and preservation of property distrained. If standing crops or ungathered produce of the land belonging to a defaulter are distrained the Sale Officer may direct them to be sold when fit for reaping or gathering, or at his option, may at the cost of the defaulter cause them to be reaped or gathered in due season and stored in proper place until sold. The Sale Officer may, at the instance of the defaulter or of any person claiming an interest in such property, leave it in the village or place where it was attached in the charge of such defaulter or person, if he enters into a bond in the form specified by the Registrar with one or more sureties as may be considered sufficient for the production of the property when required : Provided that where the property seized is subject to speedy and natural decay or where the expense of keeping it in custody is likely to exceed its value, an earlier date