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Section 8: Mortgage executed by managers of Joint Hindu Families

The Karnataka Agricultural Credit Operations and Miscellaneous Provisions Act, 1974.State Act of Karnataka · Act 2 of 1975

(1) Notwithstanding anything contained in any law, where a mortgage in respect of financial assistance given by a credit agency is executed by the agriculturist manager of a Joint Hindu Family, such mortgage shall, subject to the provision of sub-section (2) be binding on every member of such family.

(2) Whenever such mortgage is challenged on the ground that it was executed by the manager for a purpose not binding on the other members (whether such members have attained majority or not), the burden of proving the same shall be on party alleging it.

Where this provision sits

ActThe Karnataka Agricultural Credit Operations and Miscellaneous Provisions Act, 1974.
Section8
Marginal noteMortgage executed by managers of Joint Hindu Families
JurisdictionState of Karnataka
StatusIn force as published by the source

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