State Act
52
Section 52. Power to borrow.
THE KARNATAKA STATE LAW UNIVERSITY ACT, 2009
Act no. 11 of 20092009In forceKarnataka (State Act)
52. Power to borrow.- The University may, for any of the purposes prescribed by the Statutes, borrow money from a bank or a corporation. Where the total amount borrowed exceeds rupees five lakhs, prior approval of the Government shall be obtained for such borrowing.