Indian Trusts Act,1882

Act No : 2

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Section : Mortgage of land pledged to Government under Act 26 of 1871

21. Mortgage of land pledged to Government under Act 26 of 1871.-Deposit in Government Savings Bank. Nothing in section 20 shall applyto investments made before this Act comes into force, or shall bedeemed to preclude an investment on a mortgage of immoveable propertyalready pledged as security for an advance under the Land ImprovementAct, 18713*, or, in case the trust-money does not exceed threethousand rupees, a deposit thereof in a Government Savings Bank.---------------------------------------------------------------------1 Subs. by Act 3 of 1951, s. 3 and Sch., for "a Part A State or aPart C State".2 Ins. by Act 1 of 1916, s. 3.3 See now the Land Improvement Loans Act, 1883 (19 of 1883).4 Omitted and ins by Act 16 of 1975, s. 2 (w.e.f. 7-1-1975).29

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