Section 7: Debenture holders to have first charge on 3[Gehan, mortgages, hypothecations] etc

The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979State Act of Himachal Pradesh · Act 23 of 1979

The holders of the debentures shall have a floating charge on-

(i) all such 4[Gehan, mortgages, hypothecations] and assets;

(ii) the amount paid under such 5[Gehan, mortgages, hypothecations] hypothecations] and remaining in the hands of the State Bank or of the trustee; and

(iii) the other properties of the State Bank.

Where this provision sits

Act	The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979
Section	7
Marginal note	Debenture holders to have first charge on 3[Gehan, mortgages, hypothecations] etc
Jurisdiction	State of Himachal Pradesh
Status	In force as published by the source

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