State Act
7
Section 7. Removal of disability in creation of charges.
THE KARNATAKA AGRICULTURAL CREDIT PASS BOOK ACT, 1984
Act no. 2 of 19861984In forceKarnataka (State Act)
7. Removal of disability in creation of charges.- Where any charge on any land or interest therein or crops standing thereon was created in favour of a co-operative society before the commencement of this Act, it shall be lawful for an agriculturist to create, after such commencement a subsequent charge on such land or interest therein or crops standing thereon in favour of a bank, as security, for any financial assistance given to the agriculturist by the bank.