The Assam Co-operative Land Mortgage Bank (Amendment) Act, 1976
The 27th March 1976

No. LJ L. 37/76/9.—The folio whig Act of the Assam Legislative

Assembly which received the assent of the Governor is hereby published
for general inform ation.

ASSAM ACT IV OF 1976

(Received the assent of the Governor of Assam on the 24th March 1976)

TH E ASSAM CO-OPERATIVE LAND MORTGAGE BANK

(A MENDMEN T) ACT, 1976

An

Act

fu rt her to am end th e A ssam C o-o pera tive L and M ortgage

B an k Act, 1960.

Preamble. Whereas it is expedient further to amend the

Assam Co-operative Land Mortgage Bank Act, 1960, Assam Act

hereinafter called the principal Act, in the manner 1 of 1961'

hereinafter appearing ;

It is hereby enacted in the Twenty-seventh

Year of the Republic of India as follows: —

Short title, 1. (1) This Act may be called the Assam

ex tent and Co-operative Land Mortgage Bank ( Amendment )

comm ence- A c t [ 197 6.]

meat.

(2) It shall have the like extent as the principal

Act.

(3) It shall come into force at once.

Su bstitution 2. For clauses (a), (b) and (c) of Section 2 of the

9(a), (b)and [f] , Clauses principal Act, the following shall be substituted,, _ 0 ’
(c) of Sec- nam ety .

tion 2 of

Assam Act

**I** of 1961.

(a) “ Board” means the Board of Directors **of**

the Central Mortgage Bank and includes

Managing Body of a registered Society or by
whatever name such body is called but does
not include the Administrative Council of the
Society.


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(b) “ Central Mortgage Bank” means the Assam

Co-operative Central Land Mortgage Bank

Ltd. and includes any other registered

Co-operative Society notified by the State

Government in this behalf.

(c) “Mortgage Bank” means a Co-operative Land

Mortgage Bank registered under the Assam

Co-operative Societies Act, 1949 and includes
any other registered Co-operative Societies

notified by the State Government in this

behalf and adm itted as a member of the

Central Mortgage Bank.

U. T^ HBILDAR,

Secretary to the Government of Assam

Law Department.

cauh ati:—Printed and published by the Superinter,dent-in-charge, Printing

Press, Directorate of Ptg. & Sty., Government of Assam (Ex-Gazette)
No.75 1,580+2,5 75-27 -3-1976.


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