Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979 4Chapter II · Banks and Loans
Section 4 · Institution of [Agriculture and Rural Development Banks] [Substituted for the words 'Land Development Bank' vide Act No. 16 of 1987 w.e.f. 16-11-87.]
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(1)
The shall be a State Bank for the State of Himachal Pradesh, and as many [Primary Agriculture and Rural Development Banks] [Substituted for the words 'Primary Land Development Bank' vide Act No. 16 of 1987 w.e.f. 16-11-87.] or branches as may be deemed necessary.(2)
A reference to Land Mortgage Bank in any law, or instrument, for the time being in force in the State shall, with effect from the commencement of this Act, be construed as a reference to a [Agriculture and Rural Development Bank] [Substituted for the words 'Land Development Bank' vide Act No. 16 of 1987 w.e.f. 16-11-87.] within the meaning of this Act.(3)
With effect from the commencement of this Act, and until such time as the names of the Land Mortgage Banks and societies functioning in the ate at the commencement of this Act are changed into [Agriculture and Rural Development Bank] [Substituted for the words 'Land Development Bank' vide Act No. 16 of 1987 w.e.f. 16-11-87.], all acts done by them or mortgages and other documents executed by them, or in their favour, and all suits and other proceedings filed by or against them shall be deemed to have been done, executed ordered, as the case may be, by or against them as [Agriculture and Rural Development Bank] [Substituted for the words 'Land Development Bank' vide Act No. 16 of 1987 w.e.f. 16-11-87.],Your private note on this section
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