State Act
41
Section 41. Priority of Gehan, mortgage and hypothecation.
The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979
Act no. 23 of 19791979In forceHimachal Pradesh (State Act)
41. Priority of Gehan, mortgage and hypothecation.- Any amount payable under a Gehan created or mortgage or hypothecation executed in favour of the Agriculture and Rural Development Bank shall have priority over any claim of the Government arising from a loan under the Land Improvement Loans Act, 1883 (19 of 1883) or any other law for the time being in force in the State, granted after the creation of the gehan or the execution of the mortgage or hypothecation].