Sri Lanka Consolidated Acts

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Ceylon Petroleum Corporation Act (No. 28 of 1961) - Sect 45

Compulsory transfer to the Corporation of certain property

35.
(1) The Minister may, by Order (hereafter in this Act 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 net been disclaimed by a notice of disclaimer or any right, interest or benefit in such notified property derived under the terms of any arrangement, agreement (formal or informal), lease or notarially executed instrument subsisting on the date of publication of the notice of claim.
(2) Before a vesting Order takes effect, the Minister may from time to time 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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