Nothing in any law for the time being in force pacing a ceiling or limit on the holding of land shall apply to a bank acquiring land in terms of section 11 and holding such land till such time, the bank is in a position to sell the land in the manner provided in section11 or otherwise, at a price which is adequate to cover its dues.
Section 12: Exemption to banks from restrictions on acquisition of land in excess of ceiling.
The Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Act 10 of 1976)State Act of Meghalaya · Act 10 of 1976
Where this provision sits
| Act | The Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Act 10 of 1976) |
|---|---|
| Section | 12 |
| Marginal note | Exemption to banks from restrictions on acquisition of land in excess of ceiling. |
| Jurisdiction | State of Meghalaya |
| Status | In force as published by the source |
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