The U P Sahkari Gram Vikas Bank Act 1964
Section 12. Mortgages executed in favour of Gram Vikas Bank to stand vested in Uttar Pradesh Gram Vikas Bank
12. Mortgages executed in favour of 1[Gram Vikas Bank] to stand vested in 1[UttarPradesh Gram Vikas Bank]. - The mortgages executed in favour of, and all other assets transferred to a 1[Gram Vikas Bank] by the members thereof, before or after the commencement of this Act, shall, with effect from the date of such execution or transfer, be deemed to have been transferred by such 1[Gram Vikas Bank] to the 1[Uttar Pradesh Gram Vikas Bank] and shall vest in 1[Uttar Pradesh Gram Vikas Bank].
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