Notwithstanding anything contained in section 77, all moneys due under the mortgage, shall, unless otherwise directed by the State Land Development Bank or the Trustee, and communicated to the mortgager, be payable by the mortgager to the Land Development Bank, and such payments shall be as valid as if the mortgage had not been so transferred and the Land Development Bank shall, in the absence of specific direction to the contrary issued by the State Land Development Bank or Trustee, and communicated to the Land Development Bank, be entitled to sue on the mortgage or take any other proceeding for the recovery of the moneys due under the mortgage.
Section 84: Land Development Bank to receive money and give discharge -
The Rajasthan Co-operative Societies Act, 2001State Act of Rajasthan · Act 16 of 2002
Where this provision sits
| Act | The Rajasthan Co-operative Societies Act, 2001 |
|---|---|
| Section | 84 |
| Marginal note | Land Development Bank to receive money and give discharge - |
| Jurisdiction | State of Rajasthan |
| Status | In force as published by the source |
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