When a loan is made under Part II or Part III to the members of a village community or to any other persons on such terms that all of them are jointly and severally bound to the Government for the payment of the whole amount payable in respect thereof, and a statement showing the portion of that amount which as among themselves each is bound to contribute is entered upon the order granting the loan and is signed by each of them and by the authority making the order, that statement shall be conclusive evidence of the portion of that amount which as among themselves each of those persons is bound to contribute.
Section 12: Liability of joint borrowers as among themselves
The Kerala Agriculturists Loans Act, 1961State Act of Kerala · Act 27 of 1961
Where this provision sits
| Act | The Kerala Agriculturists Loans Act, 1961 |
|---|---|
| Section | 12 |
| Marginal note | Liability of joint borrowers as among themselves |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
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