(Act 20 of 1984) (Published in Kerala Gazette Extra No. 764 dated, 29th August 1984 & received the Assent of the President on 30th July 1984)   Preamble.>- WHEREAS it is expedient to facilitate the more efficient working of the Co-operative 3 [Agricultural and Rural Development Banks] in the State of Kerala;   BE it enacted in the Thirty-fifth Year of the Republic of India as follows:-

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S.9 Security for loans.

S.10 Charge on movable or immovable property of borrower for amounts borrowed.

S.11 Applicant for loan from primary bank to furnish declaration.

S.12 Priority of Gehan, mortgage and hypothecation.

S.13 Transfer and vesting Gehan, mortgage and hypothecation with Agricultural Development Bank.

S.14 Money borrowed for development of land.

S.15 Loans to persons having restricted rights of transfer.

S.16 Distraint when to be made.

S.17 Distraint how to be effected.

S.18 Sale of property distrained.

S.19 Power of sale of property charged without intervention of Court.

S.20 Application for sale and manner of sale.

S.21 Application to set aside sale on deposit and confirmation of sale in default or on dismissal of such application.

S.22 Distribution of sale proceeds.

S.23 Certificate to purchaser.

S.24 Delivery of property to purchaser.

S.25 Right of 31 [Agricultural and Rural Development Bank] to purchase property at sale.

S.26 Appointment of receiver and his powers.

S.27 Title of purchaser not to be impeached on the ground of irregularity etc.

S.28 Appointment of sale officer.

S.29 Power of Agricultural Development Bank in case security property is insufficient.

S.30 Power of Board or Trustee to direct distraint and sale of produce and sale of mortgaged property etc.

S.31 Bank's right to improvements effected after Gehan mortgage or hypothecation.

S.32 Deduction from sale proceeds of agricultural produce in certain cases.

S.33 Gehan or mortgage or hypothecation not to be questioned in insolvency proceedings.

S.34 Right of Agricultural Development Bank to pay prior debts.

S.35 Power to summon witnesses and requisition of documents.

S.36 Registration of documents executed on behalf of the Agricultural Development Bank or primary Bank.

S.37 Power of Primary Bank to receive money and grant valid discharges.

S.38 Proof of documents or entries in documents.

S.39 Chapter IV and V to apply loans advanced by primary Banks from funds not borrowed from Agricultural Development Bank.

S.40 Service on notices under the Act.

S.41 Sections 102, 103, and rules under section 104 of the Transfer of Property Act, 1882 to apply to notices under the Act.

S.42 Officers of bank not bid at sales.

S.43 Delegation of powers by Board.

S.44 Starting of branch Banks.

S.45 Power of Board to admit members.

S.46 Primary agricultural credit Societies to be admitted as members of primary Banks in certain cases.

S.47 Transfer of assets and liabilities of the Kerala Co-operative Central Mortgage Bank and primary land mortgage Banks.

S.48 Power of Board to make regulations.

S.49 Cognizance of offences.

S.50 Power to make rules.

S.51 Certain rights and liabilities of Cochin Co-operative Land Mortgage Bank to continue in that Bank.

S.52 Repeal and Savings.

S.2 Definitions.

S.3 Issue of debentures by Board.

S.4 Power to borrow money by issue of bonds or by way of loans.

S.5 Appointment and powers and functions of Trustee.

S.6 Guarantee by Government on principal of and interest on debentures, bonds and loans.

S.7 Power of Board to make regulations for purposes of this Chapter.

S.8 Powers of 16 [Agricultural and Rural Development Banks] to advance loans.

S.1 Short title, extent and commencement.