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[Cites 0, Cited by 0] [Section 5] [Entire Act]

State of Karnataka - Subsection

Section 5(1) in The Karnataka Agricultural Credit Operations and Miscellaneous Provisions Act, 1974

(1)It shall be lawful for an agriculturist to create, by way hypothecation or otherwise, a mortgage of or a charge on,-
(a)movable property, owned by him; or
(b)crops standing or otherwise, raised by him on his own land or land held by him as a tenant including other produce raised by him on such land to the extent of his interest in such crops or produce,
in favour of a credit agency as security for the financial assistance given to him.