This Act provides for the recognition of Samoans and the registration of persons declared by the Court to be Samoans.
This Part of the Statute Law Revision Act 2011 amends the Nauru Lands Committee Act 1956 in section 2 by omitting the definition of "Council" and by generally replacing "Council" with "Cabinet". The Act also replaces section 8 on the validation of decisions of Central Court and Administrator made before the date of commencement of the Nauru Lands Committee Ordinance 1956.
Amends: Nauru Lands Committee Ordinance 1956-1963. (1963-10-25)
This Part of the Statute Law Revision Act 2011 amends the Foreign Trusts, Estates and Wills Act 1972 in section 8(2) by omitting "and also deposits with the Republic of Nauru Finance Corporation or with any subsidiary of that corporation". Section 8 concerns investments of trust funds by trustees.
Amends: Foreign Trusts, Estates and Wills Act 1972 (No. 7 of 1972). (1972-02-17)
This Act provides for the imposition of an annual levy on land owned by an absentee (as defined by this Act. The levy shall be charged on the unimproved value of the land, i.e. the capital sum that might be expected to be offered for the fee simple with vacant possession of the land at a bona fide sale on such reasonable terms and conditions as a bona fide seller would require, it being assumed that no improvements had been made on or to the parcel of land. The Act allows for objections to be lodged against assessment of value.
These Regulations amend the Leases Restrictions Regulations 1977 by inserting new provisions concerning criteria to be applied by the Tribunal in a decision on any application for approval of a lease, sublease, assignment of lease or assignment of sublease to a non-resident. The criteria of assignment of lease concern citizenship of the Cook Islands, procedures regarding information to natives and consent of assembled owners resident on the island.
These Regulations require any alien desiring to reside upon or to occupy any land, or to reside in or occupy any house that is the property of a Tongan subject, to apply beforehand to the Minister for Lands for a permit. The Minister for Lands may, in his or her discretion, issue such permit for a limited period of time.
This Chapter provides for selected matters relating to ownership of immovable property. Subject to certain exceptions, it declares that only citizens of the state of Pohnpei or corporations wholly owned by citizens of the state of Pohnpei may hold title to land in the state of Pohnpei. It refers to a provision of article 12 of the Pohnpei Constitution relative to acquisition of permanent interest in real property.
This Act makes provision with respect to the creation of mortgages and consequences of such mortgages. The purpose of the Act is to establish a system of mortgage law in Yap State which will induce lenders to make secured commercial and residential loans, while at the same time ensuring that borrowers who execute mortgages of property in Yap State understand nature and consequences of the mortgage, and that the parties to the mortgage are protected against unfair practices.
This Chapter places restrictions on the holding of land by foreigners in the State of Chuuk. It prescribes that only citizens of the Trust Territory or corporations wholly owned by citizens of the Trust Territory may hold title to land in the Trust Territory provided that the right, title, or interest of non-citizens or their heirs or devisees, in lands in the Trust Territory held by such persons prior to a specified date shall be safeguarded.
This Act provides for the establishment of the Federated States of Micronesia Development Bank as a body corporate, defines its functions and powers and internal organization.The Bank shall be instrumental in: mobilizing additional financial resources for development; providing of loans for projects; technical assistance; and administration of trust funds and special funds. Foreign ownership of the Bank is prohibited because of the legal capacity of the Bank to acquire, own title to, dispose of, and otherwise deal in land and waters in the Federated States of Micronesia.
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