FOREIGN GOVERNMENTS (LANDHOLDING) ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Interpretation

   3   Foreign governments prohibited from holding land without licence

   4   Power of Minister to grant licences

   5   Absolute prohibition against conveyance or transfer of land to foreign governments in certain cases

   6   Effect of forfeiture

   7   Procedure

   8   Exemption from stamp duty

   9   Saving

 

THE FOREIGN GOVERNMENTS (LANDHOLDING) ACT

[Date of Commencement: 8th September, 1955]

Law 42 of 1955.

Act 42 of 1969.

1   Short title

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   This Act may be cited as the Foreign Governments (Landholding) Act.

2   Interpretation

   In this Act-

   "foreign country" means a country (other than the Republic of Ireland) that is not part of the Commonwealth.

[42/1969 3rd Sch.]

3   Foreign governments prohibited from holding land without licence

   (1) From and after the 8th September, 1955, no land in this Island shall be held by, or by any person in trust for or for the benefit of, the government of any foreign country, without a licence from the Minister.

   (2) Any land. held in contravention of the provisions of subsection (1) shall be forfeited to Her Majesty.

4   Power of Minister to grant licences

   (1) Subject to the provisions of section 5, the Minister may, if he thinks fit, grant to the government of any foreign country or to any person on behalf of such government, a licence to hold land in this Island.

   (2) Every licence granted under this section-

   (a)   shall be in such form as the Minister may require;

   (b)   shall be subject to such conditions (if any) as the Minister may impose;

   (c)   shall be operative only as to the land described and as to the estate or interest specified therein: and

   (d)   shall be of no force or effect until registered in the Record Office, or in the case of land subject to the Registration of Titles Act, in the office of the Registrar of Titles.

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