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[Cites 0, Cited by 0] [Section 39] [Entire Act]

State of Punjab - Subsection

Section 39(2) in The Punjab Co-operative Land Mortgage Banks Act, 1957

(2)In particular and without prejudice to the generality of the foregoing power, such rules may provide for -
(i)the manner of effecting distraint;
(ii)the custody, preservation and the sale of distrained property;
(iii)the investigation of claims by persons other than the defaulters, to any right or interest in the distrained property; and the postponement of the sale pending such investigation;
(iv)immediate sale of perishable articles:
(v)the due proclamation and the conduct of sale;
(vi)the recovery of the expenses of the proclamation sale;
(vii)the deposit of the purchase money;
(vii)the resale of the property, if the purchase money is not deposited.