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Section 48: Procedure for distraint and sale of produce including standing crops on property mortgaged to a 1[Primary Agriculture and Rural Development Bank

The Karnataka Co-operative Societies Rules, 1960.State Rules of Karnataka · 1959

(1) On receipt of an application from the 2[Board] of a 3[Primary Agriculture and Rural Development Bank] under Section 88, the Registrar may, after satisfying himself that the installment or any part of such installment has remained unpaid for more than one month from the date on which it fell due, and that the application has been made within twelve

1. Substituted for the expression “Land Mortgage Bank” by GSR 85, dated 28-3-1987.

2. Substituted for the word “committee” by Notification No. CO 14 CLM 2013, dated 10-7- 2013,w.e.f.10-7-2013.

3. Substituted for the expression “Land Mortgage Bank” by GSR 85, dated 28-3-1987.

months from the date on which the installment fell due, make an order for the distraint of a sufficient part of the produce of the mortgaged land including the standing crops thereon.

(2) On the making of an order under sub-rule (1) the Registrar shall send a copy of such order to the Sale Officer for effecting the distraint ordered, whereupon the Sale Officer shall proceed in the manner provided for in Rule 36 for attachment and sale of specific moveable property so far as such provisions apply to distraint and sale of the produce of land including standing crops.

Where this provision sits

ActThe Karnataka Co-operative Societies Rules, 1960.
Section48
Marginal noteProcedure for distraint and sale of produce including standing crops on property mortgaged to a 1[Primary Agriculture and Rural Development Bank
JurisdictionState of Karnataka
StatusIn force as published by the source

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