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

State of Jharkhand - Subsection

Section 44U(1) in The Bihar Co-operative Societies Act, 1935

(1)Notwithstanding anything contained in the Transfer of Property Act, 1882 (4 of 1882), where a power of sale without the intervention of the court is expressly conferred on a Land Development Bank by the mortgage deed, the managing committee of such bank or the Board or any person authorised by such managing committee or the Board in this behalf shall, in case of default of payment of mortgage money or any part thereof, have power, in addition to any other remedy available to the bank, to bring the mortgaged property to sale without the intervention of court.