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State of Gujarat - Section

Section 13 in The Gujarat Agricultural Credit (Provision of Facilities) Act, 1979

13. Exemption to banks from registrations on acquisition of land in excess of ceiling.

- Nothing in any law for the time being in force imposing a ceiling or limit on the holding of land or regulating the price at which such land may be sold or acquired shall apply to a bank acquiring land under this Act at a price which is adequate to cover its dues and holding such land till such time as the bank sells the land in the manner provided in section 12.