- Every mortgage executed in favour of a Primary Agriculture and Rural Development Bank by the manager of a joint Hindu family or a karnavan of a Marumakkattayam tarward or tavazhi or of a Nambudri Illom or the manager of a Thiyya of Ezhava family or the ejaman or ejamanthi of an Aliyasantana family shall, notwithstanding any law to the contrary, be binding on the members thereof, whether majors or minors.
Chapter XIV — [Agriculture and Rural] [Substituted by Section 5 of the Tamil Nadu Co-operative Societies (Amendment) Act, 1999 (Tamil Nadu Act 50 of 1999) which came into force on the 15th December 1999.] Development Banks