Section 25A: Power to acquire rights.

The State Financial Corporations Act, 1951Central Act · Act 63 of 1951

[25A. Power to acquire rights.--The Financial Corporation shall have the right to acquire, by transfer or assignment, the rights and interests of any such financial institution as may be notified by the Central Government (including any other rights incidental thereto) in relation to any loan or advance granted 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 by endorsement or in any other manner:

Provided that such loan or advance or amount relates to any business which the Financial Corporation may transact under this Act.]

Where this provision sits

Act	The State Financial Corporations Act, 1951
Section	25A
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.

inserted, Act 43 of 1985. . Ins. by Act 43 of 1985, s. 16 (w.e.f. 21-8-1985).

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