State Act

THE KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.

1[89A. Confirmation of sale.- (1) On effecting the sale by an 2[Agriculture and Rural Development Bank]2 under section 89, the bank shall, in the prescribed manner submit to the 2[State Agriculture and Rural Development Bank]2 and the Registrar a report setting forth the manner in which the sale has been effected and the result of the sale, and the 2[State Agriculture and Rural Development Bank]2 may, with the approval of the Registrar, confirm the sale or cancel it. (2) Where the sale is effected by the 1[State Agriculture and Rural Development Bank]1 or the Trustee under section 89, the 1[State Agriculture and Rural Development Bank]1 or the Trustee, as the case may be, shall in the prescribed manner submit to the Registrar a report setting forth the manner in which the sale has been effected and the result of the sale, and the Registrar may confirm or cancel the sale.