At any sale of movable or immovable property, held under the provisions of this Chapter, no officer or employee or any member 1 These words were substituted for the words “Agriculture and Rural Development Bank” by Mah. 41 of 2005, s. 8.
2 These words were substituted for the words “Agriculture and Rural Development Bank” by Mah. 41 of 2005, s. 8.
3 Now see the Maharashtra Land Revenue Code, 1966.
4 These words were substituted for the words “Agriculture and Rural Development Bank” by Mah. 41 of 2005, s. 8.
5 These words were substituted for the words “Agriculture and Rural Development Bank” by Mah. 41 of 2005, s. 8.
6 This marginal note was substituted by Mah. 33 of 1963, s. 27(c).
7 Sub-section (1) was deleted by Mah. 33 of 1963, s. 27 (a).
8 These words were substituted for the words “a Land Development Bank shall” by Mah. 33 of 1963, s. 27(b).
9 These words were substituted for the words “Agriculture and Rural Development Bank” by Mah. 41 of 2005, s. 8.
10 These words were inserted by Mah. 10 of 1988, s. 26.
11 These words were substituted for the words “Agriculture and Rural Development Bank” by Mah. 41 of 2005, s. 8.
12 This section was substituted for the original by Mah. 20 of 1986, s. 56.
106 The Maharashtra Co-operative Societies Act, 1960 [1961 : Mah. XXIV of the family of such officer or employee of an 1[Co-operative Agriculture and Rural Multipurpose Development Bank], except on behalf of the bank of which he is an officer or an employee, and no person having any duty to perform in connection with such sale, shall either directly or indirectly bid for or acquire or attempt to acquire any interest in such property.
Explanation.— For the purposes of this section, the expression “member of the family” means wife, husband, father, mother, brother, sister, son, daughter, son-in-law or daughter-in-law.]