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Section 40: Agreement regarding period of membership, sharing of income, etc

The Tamil Nadu Public Trusts (Regulation of Administration of Agricultural Lands) Act, 1961.State Act of Tamil Nadu · Act 57 of 1961

(1) Every member of a tenant farming society shall execute an agreement with the tenant farming society specifying-

(i) the period for which he shall continue as member of such society, such period not being less than five years in any case;

(ii) the basis on which the share of his income shall be determined; and

(iii) such other matters as may be prescribed.

(2) The agreement executed under sub-section (1) shall be sent by registered post by the tenant farming society to the sub-registrar having jurisdiction over the area in which the lands are situated.

(3) On receipt of the agreement, the sub-registrar shall register such agreement and issue a copy thereof to the tenant farming society.

(4) Any agreement executed under sub-section (1) which has not been registered under sub-section (3) shall be null and void.

(5) The tenant farming society shall be entitled to collect any sum due to the society under the agreement executed under sub-section (1) or on any account whatsoever, by any member or past or deceased member.

Where this provision sits

ActThe Tamil Nadu Public Trusts (Regulation of Administration of Agricultural Lands) Act, 1961.
Section40
Marginal noteAgreement regarding period of membership, sharing of income, etc
JurisdictionState of Tamil Nadu
StatusIn force as published by the source

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