Section 11: Restriction on creation of tenancy by an agriculturist borrower

The Bihar Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977State Act of Bihar · Act 6 of 1983

(1) Notwithstanding anything contained in any law for the time being in force, an agriculturist who has availed himself of financial assistance from a bank by creating a charge or mortgage on land or interest therein shall not, so long as the financial assistance continue to be outstanding, lease or create any tenancy rights in such land or interest therein without prior permission in writing of the bank if he has not already leased or created tenancy rights therein at the time of availing of the financial assistance from the bank.

(2) Any lease granted or tenancy right created in contravention of this section shall be void.

CHAPTER IV Arrangements for recovery of dues by Banks

Where this provision sits

Act	The Bihar Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977
Section	11
Marginal note	Restriction on creation of tenancy by an agriculturist borrower
Jurisdiction	State of Bihar
Status	In force as published by the source

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