State Act

22

Section 22. Mortgage executed by managers of joint Hindu families

THE UTTAR PRADESH AGRICULTURAL CREDIT ACT, 1973

Act no. 19 of 19731973In forceUttarakhand (State Act)

22. (1) Notwithstanding anything contained in any law for the time being in-force, a mortgage or charge created after the commence merit of this Act by the Karta of a joint Hindu family in favour of a bank for securing-financial assistance shall be binding on every member of such joint Hindu family. (2) Where a mortage or charge created in favours of a bank is called in question on the ground that it was created by the manager of a joint Hindu family for a purpose which was not an agricultural purpose or on any other ground, the burden of proving the same shall lie on the party alleging it.