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| Estates (Control Of Transfer And Acquisition) (Repeal) |
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AN ACT TO REPEAL THE ESTATES (CONTROL, OF TRANSFER AND ACQUISITION) ACT, NO. 2 OF 1972, AND TO PROVIDE FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO.
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BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows :
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[20th May
, 1982 ]
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Short title.
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1. This Act may be cited as the Estates (Control of Transfer and Acquisition) (Repeal) Act, No. 19 of 1982.
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Certain transfer of ownership to be valid in law.
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2. The transfer of ownership of any estate effected on or after February 18, 1972, shall, notwithstanding that such transfer was effected without a certificate of consent of the Minister under section 2 of the Estates (Control of Transfer and Acquisition) Act, No. 2 of 1972, be deemed for all purposes to be valid in law
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: Provided that the validation of such transfer shall not confer a title superior to the title of any party who, or whose predecessor in title, had subsequent to such transfer obtained a valid transfer of ownership of such estate.
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Repeal of Act, No. 2 of 1972.
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3. The Estates (Control of Transfer and Acquisition) Act, No. 2 of 1972, is hereby repealed.
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Interpretation.
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4. In this Act,
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“estate ” means any land or group of lands
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(i) which constitutes a separate and distinct property ;
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(ii) which belongs to or is held by one or more persons ; and
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(iii) of which an extent of not less than one hundred acres is or has been at any time after January 1, 1962, under cultivation or used for any purpose of husbandry,
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and includes unsold produce, all buildings, fixtures, machinery, implements, vehicles and other things movable and immovable belonging to, and required in the opinion of the Minister for the running of, such estate; and
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” transfer of ownership” in relation to an estate means the transfer of ownership of such estate or any portion thereof, whether divided or undivided, by sale, exchange or gift other than a gift by a testamentary disposition, or a lease of such estate or portion thereof whether divided or undivided for a period exceeding ten years or any hypothecation of such estate or portion thereof, whether divided or undivided.
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