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Displaying 26 - 30 of 40Chapter 9 of Title 67 of the Trust Territory Code - Land Acquisition.
This Chapter contains rules relative to the acquisition of real property by the government, i.e. Territory government, the district or municipal governments or the agencies created by the above enumerated governmental divisions. It sets out procedures for such acquisition and requires the government to observe certain criteria regarding acquisition regarding necessity of acquisition, just payment (including payment for improvements), timing, etc.The Chapter also grants powers to the High Commissioner to issue Regulations to implement this Chapter.
Chapter 2 of Title 57 of the Trust Territory Code - Land Registration.
This Chapter makes provision for the survey and registration of land in the Trust Territory and provides that for this purpose there shall be a land commission in each administrative district of the Trust Territory. Each commission shall supervise surveys and proceed with the registration of as much of the land as practical within such registration areas within its district as it determines and may determine the ownership of any land in its district. Each commission shall appoint land registration teams and designate registration areas.
Chapter 5 of Title 67 of the Trust Territory Code - Homesteads.
This Chapter concerns the designation of homestead areas and the establishment of such areas and specifies requisites for eligibility and conditions for the entry upon and occupancy of public land in homesteading areas. Lands suitable for agricultural or grazing purposes or for the establishment of community sites, and which are not required for government use or reserved for other purposes by any other provision of law, may be designated by the High Commissioner for homesteading purposes.
Chapter 1 of Title 30 of the Code of Federated States of Micronesia- Federated States Development Bank.
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.
Chapter 15 of Title 24 of the Chuuk State Code - Deeds of Trust.
This Chapter concerns the establishment of deeds of trust in respect Chuuk land and in favour of the United States Government through the Farmers Home Administration or other federal agencies. The deed of trust shall secure the financing of real estate projects and transactions by the United States of America. The Chapter also provides for judicial and non-judicial foreclosure related to the deed of trust.