The Land Improvement Loans Act
9Liability of joint borrowers as among themselves
When a loan is made under this Act to the members of a village-community or to any other persons on such terms that all of them are jointly and severally bound to the Government for the payment of the whole amount payable in respect thereof, and a statement showing the portion of that amount which as among themselves each is bound to contribute is entered upon the order granting the loan and is signed by each of them and by the officer making the order, that statement shall be conclusive evidence of the portion of that amount which as among themselves each of those persons is bound to contribute.
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All sections
- 1 Short title
- 2 Acts 26 of 1871 and 21 of 1876 repealed
- 3 “Collector” defined
- 4 Purposes for which loans may be granted under this Act
- 5 Mode of dealing with applications for loans
- 6 Period for repayment of loans
- 7 Recovery of loans
- 8 Order granting loan conclusive on certain points
- 9 Liability of joint borrowers as among themselves
- 10 Power to make rules
- 11 Exemption of improvements from assessment to land revenue
- 12 Certain powers of State Government to be exercisable by Board of Revenue or Financial Commissioner