Small Industries Development Bank of India Act : POWER TO TRANSFER RIGHTS Indian Bare Acts :

Small Industries Development Bank of India Act,1989

Act No : 39

Section : POWER TO TRANSFER RIGHTS

SECTION 17: POWER TO TRANSFER RIGHTS

-The rights and interests of the Small Industries Bank (including any other rights incidental thereto) in relation to any loan or advance granted, or any amount recoverable, by it may be transferred by the Small Industries Bank, either in whole or in part, by the execution or issue of any instrument or by the transfer of any instrument by endorsement, or in any other manner in which the rights and interests in relation to such loan or advance may be lawfully transferred, and the Small Industries Bank may, notwithstanding such transfer, act as the trustee for the transferee.