Section 17
Power to transfer rights.
The Small Industries Development Bank of India Act, 1989
About this Act
An Act to establish the Small Industries Development Bank of India as the principal financial institution for the promotion, financing and development of industry in the small-scale sector and to co-ordinate the functions of the institutions engaged in the promotion, financing or developing industry in the small-scale sector and for matters connected therewith or incidental thereto.
The rights and interests of the Small Industries Bank (including any
other rights incidental thereto) in relation to any loan or advance granted, or any amount recoverable, by it
may be transferred by the Small Industries Bank, either in whole or in part, by the execution or issue of
any instrument or by the transfer of any instrument by endorsement, or in any other manner in which the
rights and interests in relation to such loan or advance may be lawfully transferred, and the Small
Industries Bank may, notwithstanding such transfer, act as the trustee for the transferee.