Chapter IV — OF MORTGAGES OF IMMOVEABLE PROPERTY AND CHARGES
ধারা ৬০AObligation to transfer to third party instead of re-transference to mortgagor
2[60A. (1) Where a mortgagor is entitled to redemption, then, on the fulfilment of any conditions on the fulfilment ofwhich he would be entitled to require a re-transfer, he may require the mortgagee, instead of re-transferring the property, to assign the mortgage-debt and transfer the mortgaged property to such third person as the mortgagor may direct; and the mortgagee shall be bound to assign and transfer accordingly.
(2) The rights conferred by this section belong to and may be enforced by the mortgagor or by any encumbrancer notwithstanding an intermediate encumbrance; but the requisition of any encumbrancer shall prevail over a requisition of the mortgagor and, as between encumbrancers, the requisition of a prior encumbrancer shall prevail over that of a subsequent encumbrancer.
(3) The provisions of this section do not apply in the case of a mortgagee who is or has been in possession.
- Throughout this Act, except otherwise provided, the words “Bangladesh”, “Government” and “Tk.” were substituted, for the words “Pakistan”, “Central Government” or “Provincial Government” and “Rs.” respectively by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973).
- Sections 60A and 60B were inserted by section 23 of the Transfer of Property (Amendment) Act, 1929 (Act No. XX of 1929)