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State of Jammu-Kashmir - Section

Section 106 in Jammu and Kashmir Co-Operative Societies Act, 1989

106. Mortgagor's powers to lease.

(1)Notwithstanding anything contained in the Transfer of Properly Act, Samvat 1977, or any other law for the time being in force, a mortgagor shall not grant a lease of the mortgaged property for a period exceeding five years.
(2)Any lease granted in contravention of the provision of sub-section (1) shall be void.