Any amount payable under a Gehan created or mortgage or hypothecation executed in favour of the Agriculture and Rural Development Bank shall have priority over any claim of the Government arising from a loan under the Land Improvement Loans Act, 1883 (19 of 1883) or any other law for the time being in force in the State, granted after the creation of the gehan or the execution of the mortgage or hypothecation].
Section 41: Priority of Gehan, mortgage and hypothecation
The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979State Act of Himachal Pradesh · Act 23 of 1979
Where this provision sits
| Act | The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979 |
|---|---|
| Section | 41 |
| Marginal note | Priority of Gehan, mortgage and hypothecation |
| Jurisdiction | State of Himachal Pradesh |
| Status | In force as published by the source |
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