Sri Lanka Consolidated Acts

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Mines and Minerals Law (No. 4 of 1973) - Sect 52

Compulsory transfer to the Corporation of certain property

52.
(1) The Minister may, by Order (in this Law referred to as a " vesting Order ") published in the Gazette, vest in the Corporation, with effect from such date as shall be specified in the Order, any such notified property as has not been disclaimed by a notice of disclaimer.
(2) Before a vesting Order takes effect, the Minister may from time to time, after consultation with the Board of Directors, alter, by Order published in the Gazette, the date on which such vesting Order takes effect.
(3) A vesting Order shall have the effect of giving the Corporation absolute title to any property specified in the Order with effect from the date specified therein and free from all encumbrances.

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