The National Housing Bank shall have the right to acquire, by transfer or assignment, the rights and interests of any [institution] (including any other rights incidental thereto) in relation to any loan or advance made, or any amount recoverable by such institution, either in whole or in part, by the execution or issue of any instrument or by the transfer of any instrument or in any other manner in which the rights and interests in relation to such loan or advance may be lawfully transferred.
Section 18: Power to acquire rights.
The National Housing Bank Act, 1987Central Act · Act 53 of 1987
Where this provision sits
| Act | The National Housing Bank Act, 1987 |
|---|---|
| Section | 18 |
| Marginal note | Power to acquire rights. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, Act 15 of 2000. . Subs. by Act 15 of 2000, s. 10, for "housing finance institution" (w.e.f. 12-6-2000).
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