The mortgages and other assets transferred or deemed to have been transferred under section 135 by the Housing Society to Housefed shall vest in the trustee from the date of such transfer and the holders of debentures shall have a floating charge on all such mortgages and assets and on the amounts paid under such mortgages and remaining in the hands of the Board or of the trustee and on the properties of the Housefed.
Section 117: Vesting property in trustee.
The Jammu and Kashmir Co-Operative Societies Act, 1989Union territory Act of Jammu and Kashmir · Act 10 of 1989
Where this provision sits
| Act | The Jammu and Kashmir Co-Operative Societies Act, 1989 |
|---|---|
| Section | 117 |
| Marginal note | Vesting property in trustee. |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
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