State Act
7
Section 7. Debenture holders to have first charge on 3[Gehan, mortgages, hypothecations] etc.
The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979
Act no. 23 of 19791979In forceHimachal Pradesh (State Act)
7. Debenture holders to have first charge on 3[Gehan, mortgages, hypothecations] etc.- The holders of the debentures shall have a floating charge on- (i) all such 4[Gehan, mortgages, hypothecations] and assets; (ii) the amount paid under such 5[Gehan, mortgages, hypothecations] hypothecations] and remaining in the hands of the State Bank or of the trustee; and (iii) the other properties of the State Bank.