Section 12
Power Of The Fund Not To Be Terminated
(1) Power of the Fund over the collateral accepted through the document shall not be terminated only for the reason that the Fund did not initiate any proceeding within the period mentioned in the said document in order to seize the collateral or torecover the loan.
(2) In a condition of default in an installment, the power of the Fund to recover the interest and additional charge or to sell collateral shall not be affected only for a reason that the collateral was seized, possessed, rented leased or given to any person for profit sharing as per the condition mentioned in the agreement.
(2) In a condition of default in an installment, the power of the Fund to recover the interest and additional charge or to sell collateral shall not be affected only for a reason that the collateral was seized, possessed, rented leased or given to any person for profit sharing as per the condition mentioned in the agreement.