State Act
7
Section 7. Removal of disability in creation of charges and mortgages U.P. Act No. XI of 1966
THE UTTAR PRADESH AGRICULTURAL CREDIT ACT, 1973
In forceUttar Pradesh (State Act)
7. Removal of disability in creation of charges and mortgages U.P. Act No. XI of 1966 Notwithstanding anything contained in the Uttar Pradesh Co-operative Societies Act, 1965 and Uttar Pradesh Co-operative Land Development Bank Act, 1964 4 or any other law for the time being in force and notwithstanding that any land or interest therein stands already charged or mortgaged to a co-operative society, it shall be lawful for an agriculturist to create a charge or mortgage on such land or interest therein in favour of a bank as security for any financial assistance given to the agriculturists by that bank.