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[Cites 0, Cited by 0] [Section 44M] [Entire Act]

State of Jharkhand - Subsection

Section 44M(3) in The Bihar Co-operative Societies Act, 1935

(3)Where a notice has been served under sub-section (1) on any person for receiving payment of his dues, such person shall be bound to deliver possession, to the mortgagor, or any property held in usufructuary mortgage for the debts due on or before the date specified in the aforesaid notice:Provided that he may deliver possession of any agricultural land after harvesting of the standing crop, if any, and in such an event he shall be entitled to receive the amount due to him from the Land Development Bank on the date of delivery of possession given to the mortgagor.