Legislative Dictionary - C
Judicial Dictionary
Legislative Dictionary
Complete Usufractuary Mortgage
| Category | C |
|---|---|
| Title | Complete Usufractuary Mortgage |
| Details | "Complete usufractuary mortgage" means a transfer by a tenant of the right of possession in any land for the purpose of securing the payment of money or the return of grain advanced or to be advanced by way of loan upon the condition that the loan, with all interest thereon, shall be deemed to be extinguished by the profits arising from the land during the period of the mortgage.
[See section 2 (6), the State Acquisition and Tenancy Act, 1951 (East Bengal Act No. XXVIII of 1951)]. |
| Created On | June 1, 2011, 1:57 PM |
| Hits | 376 |