Leases of State Lands (Validation) Act, 2003 (Act No. 11 of 2003). | Land Portal

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LEX-FAOC036497
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A lease of State lands that was registered under the Real Property Ordinance after 27 October 2000 but before the commencement of the State Lands (Amendment) Act, 2003: (a) is valid and lawful to the extent that it would have been valid and lawful had the Ordinance provided for such registration; and (b) shall continue to be treated with, in accordance with the Ordinance, and such treatment shall be valid and lawful to the extent that it would have been had the Ordinance provided for the registration of the said lease. Any act, omission, right, privilege, title, interest, duty, liability or proceeding arising out of a lease of State lands that was registered under the Ordinance in the same period shall also be valid and lawful to the extent that it would have been valid and lawful had the Ordinance provided for the registration of the said lease. A lease of State lands that was registered in the same period: (a) is valid and lawful to the extent that it would have been valid and lawful had the State Lands (Amendment) Act, 2000, not been enacted; and (b) shall continue to be treated with, in accordance with that Act, and such treatment shall be valid and lawful to the extent that it would have been had the State Lands (Amendment) Act, 2000, not been enacted. Any act, omission, right, privilege, title, interest, duty, liability or proceeding arising out of a lease of State lands that was registered under the Act in the same period is valid and lawful to the extent that it would have been valid and lawful had the State Lands (Amendment) Act, 2000, not been enacted.

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First colonized by the Spanish, the islands came under British control in the early 19th century. The islands' sugar industry was hurt by the emancipation of the slaves in 1834. Manpower was replaced with the importation of contract laborers from India between 1845 and 1917, which boosted sugar production as well as the cocoa industry. The discovery of oil on Trinidad in 1910 added another important export. Independence was attained in 1962. The country is one of the most prosperous in the Caribbean thanks largely to petroleum and natural gas production and processing.

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