State Act
12
Section 12. Mortgages executed in favour of Gram Vikas Bank to stand vested in Uttar Pradesh Gram Vikas Bank
The U P Sahkari Gram Vikas Bank Act 1964
In forceUttar Pradesh (State Act)
12. Mortgages executed in favour of 1[Gram Vikas Bank] to stand vested in 1[UttarPradesh Gram Vikas Bank]. - The mortgages executed in favour of, and all other assets transferred to a 1[Gram Vikas Bank] by the members thereof, before or after the commencement of this Act, shall, with effect from the date of such execution or transfer, be deemed to have been transferred by such 1[Gram Vikas Bank] to the 1[Uttar Pradesh Gram Vikas Bank] and shall vest in 1[Uttar Pradesh Gram Vikas Bank].