धारा 79: Mortgage to secure uncertain amount when maximum is expressed / Section 79 of the Transfer of Property Act, 1882.
धारा 79 — Mortgage to secure uncertain amount when maximum is expressed
| अधिनियम / Act | संपत्ति-अंतरण अधिनियम, 1882 (Act 4 of 1882) |
|---|---|
| धारा / Section | 79 |
| शीर्षक / Heading | Mortgage to secure uncertain amount when maximum is expressed |
| अध्याय / Group | अचल संपत्ति के बंधक और प्रभार / Chapter IV: Of Mortgages of Immoveable Property and Charges |
आधिकारिक पाठ (अंग्रेज़ी) / Official text
Mortgage to secure uncertain amount when maximum is expressed.—If a mortgage made to secure future advances, the performance of an engagement or the balance of a ru nning account, expresses the maximum to be secured thereby, a subsequent mortgage of the same property shall, if made with notice of the prior mortgage, be postponed to the prior mortgage in respect of all advances or debits not exceeding the maximum, though made or allowed with notice of the subsequent mortgage. Illustration A mortgages Sultanpur to his bankers, B & Co., to secure the balance of his account with them to the extent of Rs. 10,000. A then mortgages Sultanpur to C, to secure Rs. 10,000, C having notice of the mortgage to B & Co., and C gives notice to B & Co. of the second mortgage. At the date of the second mortgage, the balance due to B & Co. does not exceed Rs. 5,000. B & Co. subsequently advance to A sums making the balance of the account against him exceed the sum of Rs. 10,000. B & Co. are entitled, to the extent of Rs. 10,000, to priority over C. 80. Tacking abolished. Rep. by the Transfer of Property (Amendment) Act, 1929 (20 of 1929), s. 41. 1. Ins. by Act 20 of 1929, s. 40. 2. The words “on the mortgage-money” omitted by s. 40, ibid. 3. The word “gross” omitted by s. 40, ibid. Marshalling and Contribution
संबंधित धारा / Nearby
- TPA 77: Receipts in lieu of interests
- TPA 78: Postponement of prior mortgagee
- TPA 81: Marshalling securities
- TPA 82: Contribution to mortgage-debt
👉 TPA Navigator में खोजें।
अन्य उपयोगी टूल्स
स्रोत: India Code - The Transfer of Property Act, 1882 (केंद्रीय पाठ)। उत्तर प्रदेश के संशोधन इसमें शामिल नहीं। शैक्षणिक संदर्भ हेतु, कानूनी सलाह नहीं।