An Act to regulate the holding of land by aliens and companies under alien control.
The Act provides with respect to the holding of rights in land and mortgages by foreigners in Grenada. It also provides for forfeiture of illegally-held land and shares of companies that do not comply with the provisions of this Act. The Minister may, if he or she thinks fit, from time to time, grant to any alien a licence to hold land as owner or tenant for any estate or interest either subject to any condition (or not) or grant to an alien a licence to hold land as mortgagee for any estate or interest therein.