Section 51
Right to recover loans and advances.
The Andhra Pradesh Reorganisation Act, 2014
About this Act
An Act to provide for the reorganisation of the existing State of Andhra Pradesh and for matters connected therewith.
(1) The right of the existing State of Andhra Pradesh to
recover any loans or advances made before the appointed day to any local body, society, agriculturist or
other person in an area within that State shall belong to the successor State in which that area is included
on that day.
(2) The right of the existing State of Andhra Pradesh to recover any loans or advances made before the appointed day to any person or institution outside that State shall belong to the State of Andhra Pradesh:
Provided that any sum recovered in respect of any such loan or advance shall be divided between the States of Andhra Pradesh and Telangana on the basis of population ratio.
(2) The right of the existing State of Andhra Pradesh to recover any loans or advances made before the appointed day to any person or institution outside that State shall belong to the State of Andhra Pradesh:
Provided that any sum recovered in respect of any such loan or advance shall be divided between the States of Andhra Pradesh and Telangana on the basis of population ratio.