State Financial Corporations Act, 1951
25A. Power to acquire rights
The Financial Corporation shall have the right to acquire, by
transfer or assignment, the rights and interests of any such financial
institution as may be notified by the Central Government (including any other
rights incidental thereto) in relation to any loan or advance granted or any
amount recoverable by such institution, 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:
PROVIDED that such loan or advance or amount relates to
any business which the Financial Corporation may transact under this Act.]