State Act
Section 11. Right of [Gram Vikas Bank]7 or of the [Uttar Pradesh Gram Vikas Bank 2]5 to purchase mortgaged property U.P. Act 1 of 1951
THE UTTAR PRADESH SAHAKARI GRM VIKAS BANK ACT, 1964
11. [(1) Notwithstanding anything contained in any law for the time being in force, it shall be lawful for a [Gram Vikas Bank]7 or the [Uttar Pradesh Gram Vikas Bank]6 to purchase any property sold under this Act and the property so purchased shall be disposed of by such Bank by sale 'within period as may be fixed by the Trustee.]3 (2) Nothing in section 154 of the U. P. Zamindari Abolition and Land Reforms Act, 1950, or in any other law for the time being in force, fixing a maximum limit of agricultural holding shall apply to the acquisition of land by a [Gram Vikas Bank]7 or the [Uttar Pradesh Gram Vikas Bank ]6 [(2-A) if the bank has to lease out any land acquired by it under sub-section (1) pending sale thereof, the period of lease shall not exceed one year at a time and the lessee shall not acquire any other interest in that property notwithstanding any provisions to the contrary in any other law for the time being in force.]4