4. In this Act, "estate " means any land or group of lands
| (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 " 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. |
Sri Lanka Consolidated Acts