(1) It shall be lawful foi an agriculturist to ~ ~ ~ ; ; z l ~ f create a charge on the movable property owned by crop m d hiin or on the crops raised by him, standing or Ei:;r~s;
o thenvise, or other produce from Ia nd cultiva tcd by in favour him, to the extent of his interest therein, in favour Of bariksof a bank to secure financial assistance.
(2) Notwithstanding anything to the contrary Orissa Act 2 in the Orissa Co-operative Societies Act, 1962 or in 0f1963. any other lawfor the tinlebeine;inforca,incases where the financial assistance given by a bonk is prior in point of time to that of the financial assistance extended by a Co-opera Live Society, no charge it1 respeci of such finallcia1 assistance extcnded hp the Co-operat ive Society shall have priority over n &a*-gcd on the crops raised by him, standing or otherwise, or on any other movable property in respect of any financial assistance given to hiin by a bank.
Creation of chorgc on