Location
Multiple waves of colonizers, each speaking a distinct language, migrated to the New Hebrides in the millennia preceding European exploration in the 18th century. This settlement pattern accounts for the complex linguistic diversity found on the archipelago to this day. The British and French, who settled the New Hebrides in the 19th century, agreed in 1906 to an Anglo-French Condominium, which administered the islands until independence in 1980, when the new name of Vanuatu was adopted.
Vanuatu is a parliamentary republic.
Source: CIA World Factbook
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Resources
Displaying 41 - 45 of 69Chapter 3 of Title 46 of the Pohnpei State Code - Judicial Foreclosure.
This Chapter sets out conditions and procedures for judicial foreclosing on the property of a debtor by the creditor. The creditor may bring a civil action for foreclosure in such manner as the court may order. The creditor may at any time abandon non-judicial foreclosure procedures and proceed by a civil action. After having carried out the proper procedural requirements regarding the defendant or defendants, the court may order foreclosure in such manner as it deems will best protect the rights of the parties.
Chapter 6 of Title 41 of the Pohnpei State Code -Pohnpei State Real Property Mortgage Act.
This Act makes provision for the establishment and execution of mortgages and other matters relating to land-based credit. Its purpose is to establish a system of mortgage law in Pohnpei 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 Pohnpei have a full comprehension of the nature and consequences thereof and that the parties to the mortgage are protected against unfair practices.
Chapter 4 of Title 41 of the Pohnpei State Code - Ownership, Registration, And Conveyance.
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.
Chapter 7 of Title 41 of the Pohnpei State Code - Deed of Trust Act of 1987.
This Act makes provision with respect to deeds of trust in respect of land. Its purpose is to provide for a satisfactory method of securing the financing of improvements to real property by the United States of America acting through various agencies.A deed of trust is a conveyance of the freehold or leasehold interest in trust to secure an indebtedness or charge against real property conveyed, with or without a power of sale, vested in the trustee to sell according to the terms as set forth in the instrument.
Chapter 5 of Title 41 of the Pohnpei State Code - Pohnpei Development Leasehold Act of 1996.
This Act provides rules relative to entering into or modification of a development lease, i.e. a commercial lease or combination of interconnected commercial leases that may contain an expanded term not to exceed 55 years. The Act provides also for control of (modification) of lease agreements and related procedures by the Director of the Department of Land and Natural Resources. The Act prescribes, among other things, contents and conditions of an agreement and procedures for the notification of entering into or modification of a development lease.