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Section 40: Servtce of nohces under the Act

The Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984)State Act of Kerala · Act 20 of 1984

Whenever under the ')t-­ provisions of this Act, notice IS reqmred to be gwen to any person 111 wntmg, It shall be sufficient to send such notice by registered post.

41 Sectwns 1021 103 and . rules under sectwn 104 of tho Transfer of Property Act} 1882 to apply to notices ;;,1.dKr the Act.­ The provisiOns of .sections 102 and '103 of the Transfer of Property Act, 1882 (Central Act 4 of 1882), and of any rules made by the.

High Court under section 104 of that Act, for carrymg out the purposes of the said se9t10ns, shall apply, sq far as may be, in respect of all notiCes to be served under this Act.

42. Officers of bunk not to lnd at sales -At any sale of movable or Immovable property held .. under the proviSions of this Act for the recovery of any muncy due to the Agricultural Development Bank or any pnmary bank, no Director, Managing Director, Secretary or other Officer of the Agncultural Development Bank or such pnmary bank, .as the case may be (except on behalf of the bank of which he IS a Director, Managmg Director, Secretary or other Officer), and no sale offics.t· or olher person havmg any duty to perform m connection with such sale, shall, either (hrectly or indirectly, bid for or acquire or attempt to acquire any mterest m such property.

Where this provision sits

ActThe Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984)
Section40
Marginal noteServtce of nohces under the Act
JurisdictionState of Kerala
StatusIn force as published by the source

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