At any sale 'of movable or immovable property held under the proviswns of this Act lD order to I'ecover any money due to the Central Mortgage Bank or any pnmary mortgage bank, no Director, Secretary or other officer of the Central Mortgag~ Bank or such 34 28 2S 18 . pnmary mortgage bank, as the case may be (except on behalf of the bank of which he is a Director, Secretary or other officer), and no ~ale officer or other person having any duty to perf 1rm m connection With such sale,· shall either directly or mdirectly btd for or. acquire or attempt to acqu1re any interest m such property.
Section 39: Officers of the Bank not to bid at sa.les
The Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960)State Act of Kerala · Act 1 of 1960
Where this provision sits
| Act | The Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960) |
|---|---|
| Section | 39 |
| Marginal note | Officers of the Bank not to bid at sa.les |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
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