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Section 8: Priority of charges

The Karnataka Agricultural Credit Pass Book Act, 1984State Act of Karnataka · Act 2 of 1986

No charge or mortgage created on any land or interest or crops standing thereon after the commencement of this Act, in favour of Government or a co-operative society shall have priority over a charge or mortgage on such land or interest created by an agriculturist in favour of a bank as security for financial assistance given to the agriculturist by the Bank after the commencement of this Act and prior to the charge or mortgage in favour of Government or the cooperative society.

CHAPTER III MISCELLANEOUS

Where this provision sits

ActThe Karnataka Agricultural Credit Pass Book Act, 1984
Section8
Marginal notePriority of charges
JurisdictionState of Karnataka
StatusIn force as published by the source

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