Section 3
Admiss10n of land mortgage banks regzstered under the Madras Co-operative Soczettes Act, 1!132, as members of the CenLral Murtgage Bank.-Notw1thst .ndmg anythmg contamed m the Travancore-Cochm Co-operative Societies Act, 1951, 1t shall be lawful for the Central Land Mortgage Bank, to adm1t as its member a co-operative land mortgage bank registered or deemed to be registered under·the Madras Co-operative Soc1et1es Act, 1932; and anv such admiss1on madP before the commencement of this Act shall be deemed to have been lawfully made.
3. Admiss10n of land mortgage banks regzstered under the Madras Co-operative Soczettes Act, 1!132, as members of the CenLral Murtgage Bank.-Notw1thst .ndmg anythmg contamed m the Travancore-Cochm Co-operative Societies Act, 1951, 1t shall be lawful for the Central Land Mortgage Bank, to adm1t as its member a co-operative land mortgage bank registered or deemed to be registered under·the Madras Co-operative Soc1et1es Act, 1932; and anv such admiss1on madP before the commencement of this Act shall be deemed to have been lawfully made.
CHAPTER II
Debentures •