Agricultural Credit Act, 1978

Sale by Land Commission of land subject to charge.

[1947, s. 50.]

50.—Where—

(a) land is offered for sale by the Land Commission under any statutory power in that behalf vested in them, and

(b) the land is subject to a charge in favour of the Corporation to secure the repayment of money, and

(c) the money is expressed in the instrument of charge to have been advanced for permanent improvement purposes and for no other purpose,

the land shall be sold subject to the charge in addition to any other charge, incumbrance or liability subject to which the land is required to be sold.