Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979 41Chapter VIII · Miscellaneous
Section 41 · [ Priority of gehan, mortgage and hypothecation. [Section 41 substituted vide Act No. 16 of 1987 w.e.f. 16-11-1987.]
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- Any amount payable under a Gehan created or mortgage or hypothecation executed in favour of the Agriculture and Rural Development Bank shall have priority over any claim of the Government arising from a loan under the Land Improvement Loans Act, 1883 (19 of 1883) or any other law for the time being in force in the State , granted after the creation of the gehan or the execution of the mortgage or hypothecation].
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